A house seems like a horrible investment

Cheap houses are always a risk. The price of real estate always depends on where the house is located, what quality of construction it has, what layer of the population lives in a particular area. There are so many factors that affect the price of a house and it's worth noting that a lot of people don't know this, so they prefer to buy a cheaper one. I, on the other hand, choose mid-priced houses with cofortable conditions and location in the sunny and warm Philippines (I chose to buy property in cooperation with https://www.lumina.com.ph/property-listing .) Everything should be moderate and you should not chase the cheapness

We listed our home Tuesday for $485k. We purchased it in 2016 for $331k. We spent $70k on improvements, including solar. Previously we had lived in a home we purchased for $85k and did another $85k in improvements before selling it for $215k. We loved that house. We were paying $435 a month on a 15 year mortgage. Property taxes were $60 a month. But the neighborhood was unacceptable. Too many drug addicts passed out at the local park and too much gunfire at night. We moved into a planned community on the outskirts of town, but right next to mountain bike trails. Our taxes tripled and so did our mortgage payments, but it was worth it for the peace of mind.

Tomorrow we will look at the offers and sell this place before handing the $500k to a financial planner and going to live in a 5th wheel camper for the summer in the northwest. I'd be comfortable renting homes in various locations each year rather than own a home. We want to run out the clock in the best possible climate and are willing to move around during the year to make that happen. I guess we got lucky because the current market is out of control. Inventory is at record lows and our home has been increasing in value by almost $3000 a week since January 1st.

You're right again! Keep renting, mensa boy.

I don't agree! Building houses is an excellent investment!

I don't agree! Building houses is an excellent investment! If you don't know what you're talking about, don't talk! In the 90s, I built about 45 residential buildings in Ukraine, Poland, Hungary. I could then afford everything I wanted. And now I can. Passive income is more than $ 50,000 per month. I am very glad that my friend John (God rest his soul) advised me to invest in houses. And, by the way, if someone decides to build apartment buildings, always take normal scaffolding. There are many good services, but here is my favorite: https://petesuen.com/

Okay, Jamin. Go ahead and pay rent. You'll pay far more for less. You're giving money to the rich. Don't get me wrong. I own rentals and appreciate a reliable tenant. I appreciate that you're paying for my retirement.