Updated over 8 years ago on . Most recent reply

Article give good or bad advice?
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

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...