Quote:
Originally Posted by PeanutButter
Now that I see the state of real estate, I have changed my thesis on buying my son a house. I don't think it makes sense to buy a house now and give it to my son later.
It makes more sense to be in the equity markets and let those positions grow. Once he needs a place in 30 years I'll just sell stock to help him with a big down payment or buy him something at that point.
I guess time will tell if that's the right move or not.
|
Ignoring what happened between 2019-2022, sticking your money in the S&P since ~20 years ago has still yielded a MUCH better return than a house in Vancouver.