Home ownership

>>buy one house. wagecuck until you die to pay property taxes
>>finance 3 houses with 1/3 down payment, live in 1, rent out 2. now other wagecucks are paying your prop taxes and buying you 1080Ti

I'm considering "house hacking". You make a down payment for a multi-family house or a townhouse with 3+ units and use one of the units as a primary residence, then rent out the other units. Your tenants will basically pay off your mortgage and you will live there for free. Possibly with extra income to pay for your utilities and food. It also has pretty substantial tax benefits. Then your property appreciates in value over time.

Also I think home home ownership is pretty dumb (unless your renting it to others). You have to think in terms of risk vs reward. Average rate of return vs equity, fixed income, ect. In terms of the risk in real estate it's generally to high. Most of your portfolio is tied up in one asset providing little to no diversification. IDK why the fuck any financial planner would advise this. Most of your capital being tied up in one industry, one asset and in one geographic location. Sound pretty dumb.

>rent/buy apartment instead (let's be real here you don't need a fucking house you NEET)
>spend the money you saved on a house to invest in more shitcoins
>rinse repeat until you can buy 10 mansions

FLAWLESS

With 200k down I can control 1m in real estate. I would say that's leverage. Asset:1m = debt: 800k + 200k equity

Imo it all depends on timing of the market and what your needs are. Ones living situation is often their most expensive expense. So if you can fix it at a relatively low rate than why not?

I bought my house in the housing downturn a few years ago in Cali. My house mortgage was only a hundred dollars more a month than ppl apartment rents. 5 years later apartments have gone up almost 40%. Out here rent won't be going down anytime soon... Regardless the cost for my mortgage will never change.

Only downside is your responsible for repairs and all the others shit that comes along with it

that's an option too for extra cash flow, BUT remember that dealing with tenants can be a pain in the ass

>buying an apartment
>2018

I rather buy an apartment complex with facilities and security guards in a crime-free area

Congratulations!! This is the stupidest shit I’ve heard all fucking year.
You’ve got to be actually retarded to not see the advantages of real estate over stocks, bonds, whatever.
Sure it’s not crypto, but it’s one of the only investments that you can control.
Get out of here and stay poor, poojeet