Do you make more money in the long run being a landlord or investing in the SP 500?
I’m trying to decide on a SWE job long term. Let’s assume I get the same TC in both DC (my hometown), SF and Seattle. Let’s say I bought a condo in DC area where the property prices are now rising due to coming of HQ2. I only buy in DC since DC has family that may help take care of the property in case my job takes me elsewhere. $130k downpayment and agent fees for a 2b2b $600k home, 30 year fixed, $3.5k a month including HOA, property tax, insurance.
Assuming an average case where I may not always find the perfect tenant, I rent out the property for market price ($3k), and that the prices of the property does not increase significantly, is it actually a better financial decision to keep the case in the Sp 500?
I will still have to rent in the SF/Seattle area since property price trend here is relatively stable and decreasing even over the next few years.