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Updated almost 8 years ago on . Most recent reply

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Ryan Tetter
  • Investor
  • Minneapolis, MN
2
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Article give good or bad advice?

Ryan Tetter
  • Investor
  • Minneapolis, MN
Posted

This article somewhat describes my financial situation and the author is steering the buyers and readers away from real estate.

https://www.wsj.com/articles/couple-owns-a-lot-of-...

Thoughts?

Most Popular Reply

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Brent Coombs
  • Investor
  • Cleveland, OH
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Brent Coombs
  • Investor
  • Cleveland, OH
Replied

I've got little sympathy for the financial woes of a couple who spend $1,400/m - eating out!

Did the article deliberately leave out the buy price for their Connecticut home? Their London one has obviously done a lot better than the mentioned pro forma 4% appreciation, which will have the effect of skewing the relevance of much of the "Advice from a pro". 

And there's something very wrong with being on $200k+/y, and paying $3k/m rent INSTEAD of buying their own primary! More bad advice from that pro? The whole article annoyed me! My 2c.

@Ryan Tetter, welcome to BP. My general advice: sell their/your non-cash flowing ones - now...

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