Hey Blind, I’m torn between buying a condo or investing in a mix of bonds and index funds. I live in the Bay Area but will be moving to Europe in 5 years for family reasons. If I buy, I could rent out the condo until I’m ready to sell in 15-20 years but I’d then assume risk by having to hire a property manager in my absence. A friend who has done pretty well in BA real estate advised me not to buy, but put the cash in index funds and bonds instead and then buy in Europe when I move. In contrast, another friend is doing very well with a SFH she rents out on Airbnb while she lives in the in-law unit (doing so allows her to bypass SF’s Airbnb 90-days-per-year max rule). Interesting strategy but probably not feasible for me. Anyway, has anyone here passed up buying in favor of alternate investments? Would love any advice I can get. TC: $350k
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Index funds is always a good and safe investment. If you're really into real estate why don't just put some money down in REITs?
Any specific REIT index funds you recommend?
Thanks, @Amazon. I’ve been thinking about REITs as well. I was just reading about Fundrise—anyone heard of or used it? The thing is, I detest renting and have a massively rent-controlled 2BR now complete with a loud, alcoholic neighbor. So the math is tricky for me because moving has to happen, but I’d 2-2.5x my rent either way.