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RE: Self-Made Millionaire Tells Renters That Buying A Home Is Their Escalator To Wealth
Yeah, I'll take advice from someone who made their fortune off of real estate appreciation alone with a grain of salt.
I will say real estate is a great investment, it's why I own rental properties. However, making money off appreciation is just icing on the cake. It should not be the sole avenue.
That's very high risk high reward. Buying 5 years ago was great. Buying now in many markets, including mine in South Florida I don't think is the best idea.