Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book,"It's really a form of consumption. You own the home as opposed to paying rent for a home that you don't own, but you have to live somewhere," Brown said.
You should consider your home as an emotional investment. You spend money on it, because it makes you happy, according to Brown., you will find that decades of inflation, repairs and renovations leave you with an asset that underperformed the market, Brown said.That doesn't mean that real estate can't be a part of your portfolio. To capitalize on property ownership, Brown invests inREITs allow an investor to own shares in a publicly traded company that owns income-producing properties.
Check out this video to learn more about the REITs that Josh Brown invests in and to hear more about the wealth advisor's philosophy on real estate.
acorns When has CNBC been right about anything about investing? I don’t love the state of real estate and how it’s killing middle/lower class but it’s making rich people richer. CNBC is out to lunch.
acorns Is Real estate a depreciating Asset, imo a Big No. CYCLICAL YEAH. It's kinda weird he proposes to invest in companies that hold Real Estate. What does he think people are Morons. These kinda people who advise a whole load of crap should be shunned by Investors. DYOR
acorns Wait, so what you are saying is normal people can’t make money by investing in real estate but companies can? I’m confused.
acorns These guys makes money by talking. You need to take it by pinch of salt
acorns In his example. To buy 50K property, you need to invest 2.5K only. Rest is called mortgage (margin). But when you sell 200 K is your profit (250 - 50) in a simple term. Interest you paid on mortgage is your rental.
acorns 1/ Tell me one bank that gives a investor 95% Margin. When you invest in RE, by paying 5% down payment you can control that asset. Investing stocks, for the best stocks, banks give you 50% margins. Don’t forget what happened to Hwang’s investment firm few days ago, margin recall.
acorns People make a lot of assumptions that the stock market will keep returning 10% per annum and its based on a lot of history but I am skeptical of this a lot of headwinds over the next 10-20 years and younger generation is impatient not going to stand for buy and hold look crypto
acorns With interest rates around 3%, one would be foolish not buy now. Plus as the writer said you have to live somewhere.
acorns Here’s the bottom line. If you’re not long housing, you’re short housing because you need some place to live. While one doesn’t certainly NEED to own a home (you can always rent), it doesn’t make sense for most families over the long term.
acorns Investing in real estate as part of a balanced portfolio can be a good idea. 'Investing' in a house you call home, is idiocy.SteveSaretsky ronmortgageguy TorMrktBubble JohnPasalis
acorns I have owned 5 homes in my life [not counting flipped properties just places I lived in] every single one when sold paid off not only the original purchase price but every expense to live there plus a profit. My current home has increased in value 500% over 25 years
acorns I guess if you steal $ via PPP loans like reformedbroker you don’t need to worry about real estate investments
acorns 95% only bad news(
acorns Definitely bad idea buying at these inflated prices RealBubble
acorns baryonic dark matter. a person is not the property of the state. he is free, but his freedom is limited by the laws of the country in which he is located. REVENGE!
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ReformedBroker acorns You can't live on zero cash flows. You invest in stocks for a 30-year period. You buy real estate and rent it out for the cash flows to maintain daily life. It is a leveraged hedge against inflation. You don't pay the taxes the renters do.
ReformedBroker acorns Right, consumption more than investment. As an investment, more fodder for Josh's arguments: What other investment requires 1) annual taxes where no sale has occurred; 2) insurance; 3) and, annual maintenance? Still, I get the allure and it is often one's most valuable asset.
ReformedBroker acorns Can I live in my REIT when it under performs?
ReformedBroker acorns Do not take assets from Brown to buy property it lowers his AUM.
ReformedBroker acorns
ReformedBroker acorns dont invest in american real estate and you'll be fine
ReformedBroker acorns Depends on the real estate.
ReformedBroker acorns I am recently in your country, looking for new friends
acorns This sounds pretty dumb when most homes are giving you a 8-20% return annually My house is up 2.5% in the last 30 days & up 50% in 7 years
acorns To be fair, Josh has a substantial conflict of interest here. He makes his living by managing liquid assets.
acorns Keep tweeting this so there’s more real estate for me to buy.
acorns could be confidence appointment
acorns 90% of the worlds millionaires became millionaires from real estate investing. That’s a fact. Delete this tweet
acorns Do you think this is what people really need right now?
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