Think of it like buying a pair of Jordans and flipping it on StockX. You may have sold it for $1000, but that's not your net profit, you have to consider what you bought it for. The only way to compare a buyer to renter is to account for the fact that the buyer had to come up with over half a mil in the beginning.
‘Brutal,’ ‘crazy’ housing market has Seattle-area homes selling half-million over asking price
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Think of it like buying a pair of Jordans and flipping it on StockX. You may have sold it for $1000, but that's not your net profit, you have to consider what you bought it for. The only way to compare a buyer to renter is to account for the fact that the buyer had to come up with over half a mil in the beginning.
BaldingSoHard
Banned
Got it.
Okay so then the question becomes...
While Breh B made more net profit...
Who actually has more money in their pocket at the end of the day?
So it's important to note that there are many scenarios where Breh A may have come out ahead. Depends on rates, how the rental/housing/stock markets look like over the next 30 years, and so on...
To answer your question though, as time goes on Breh B will have to come out of pocket more for cash compared to Breh A, 99.99% of the time, because mortgage payments (excluding tax and insurance and maintenance) are fixed compared to rental payments. I think if you have no plans for income generation beyond 20-30 years, buying is probably your best bet.
In the early days I did get alot of shytty tenants because my rental rates were to low..I to was an idealist, trying to help more poorer folk, single moms, felons, etc..however, after filing my 4th eviction I realized its best to raise rent to a hair above the market rate...I did that and never had any issues since due to getting higher quality of tenant..and now I strictly do month to month lease catering to travel nurses..and I offer all inclusive units with water, cable (stream stick), internet, and electric..and yes I charge double the market rate but again they are primarily for travel nurses that need temporary housing....so no I dont get any shyt that landlords get..my clientele is to high end for that and if i did get any shyt I can end there lease with a 15 day notice per terms of the month to month lease...travel nurses arent trying to have evictions on there credit so they just leave...any more assumptions
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staticshock
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I have premium insurance if it does, build a newer unit and charge triple the rent
you’re a piece of shyt
Yeah, not in Seattle but I've been contemplating buying my first house for the last year or two...but these prices are 
bruh
I can't help but feel like I'd be overpaying if I bought a house right now.
bruhI can't help but feel like I'd be overpaying if I bought a house right now.
UberEatsDriver
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Yeah, not in Seattle but I've been contemplating buying my first house for the last year or two...but these prices are
I can't help but feel like I'd be overpaying if I bought a house right now.
yup
SadimirPutin
Superstar
Sounds like s bunch of $3500 and up apartments