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TheSpektrModule t1_j41rjmf wrote

Reply to comment by Opposite_Selection_3 in What does eviction prevention accomplish. by LongjumpingShot

> The tax loopholes and long term value of real estate make this game too appealing even with increased risk.

That's definitely not what I found when I looked into landlording. The realistic returns were not that great relative to the risk and hassle. Maybe for big institutional investors it's a different story but being a small time LL was a high-risk nightmare.

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markmano33 t1_j41we1l wrote

Being a landlord sounds like a giant PITA to me. I’ll stick to mutual funds with my extra monies lol.

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TheSpektrModule t1_j421l1e wrote

I did some quick number crunching. Between when we sold our old house (the one we considered turning into a rental property) and today the S&P 500 is up about 33%, and that includes 2022's drop. I am so glad we did not become landlords.

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Opposite_Selection_3 t1_j42xqdd wrote

I was responding to the idea of getting out the landlord business. Even with a crushed stock market I would not get into it. However, if you currently own real estate that can regularly get a tenant the long term outlook for that asset is looking pretty good.

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