Originally Posted by
madmax757
I have done well with multi unit properties if you can stomach the hassles of being a slumlord. Did it last 15 years and I just cashed out on my last one and will bite the bullet on capital gains. Just need to time the market , usually just luck I’ve found out. Then when youre Getting phone calls asking if you want to sell your property- it’s a good time to sell it !
As far as younger Gen Z , D and E not wanting to buy. They do have a point. I personally cannot fathom the idea of not owning my home, yet I lease a car. A lot of younger people I engage with don’t want the hassles of ownership. They can pay their rent, fulfill their lease and be gone . Also a lot of nice apartments are like resort living now. A newer pilot I worked with travels the world like a gypsy on her days off and it sounds appealing. Society is changing .
Yeah, I don't own and really can't justify it financially. I live well below my means, invest the excess into index funds, move whenever I want to and just call my landlord whenever anything breaks. Hassle free life.