Basically, if you're living in a house that's paid off, you're turning down whatever it would rent for.
The first house will buy a second house.
Some of us prefer to invest in the marker instead of real estate.
A lot of people are successful playing the stock market. But I've never been a successful gambler.
Keep the majority of your money in index funds and it's not really a gamble...no more than real estate. Everybody gets scared when investors mention "risk" because they don't know the word has more than one meaning.
If the housing market crashes, it means the economy has crashed *big* time.
The stock market crashes on a regular basis.
But, like I said,..many people are successful playing the stock market. I just don't like how it's manipulated. The fat cats on Wall Street can crash a stock anytime they choose.
With real estate, low interest rates makes it appreciate, high interest rates increases the competition for rent and pushes the price up.
