Hope you are having a great holiday season. As my son would say, ’sup friends? 😊 You may be wondering about the low frequency of posts this month. There is good reason for it. On this New Year’s Eve, I have some big news to share with you! While you have been enjoying your holiday, […]
Tag: buy vs. rent
This is a guest post from Adam, who is the founder of Offer Climb, with locations in Houston and Phoenix. With his co-founder Corey, they are driven towards finding the best deals and providing easy payout solutions for homeowners looking to sell their property fast. Adam takes pride in providing flexible offers to fit a […]
This is a continuation from Part 1, which generated some controversy as I expected. If you came here straight, please read that post prior to continuing here. Points 1 -7 are covered in the previous post. There are some thought-provoking points in this 2-part series. Think and be aware before blindly buying into any real estate ‘investment’. “We […]
Quite some time ago, I received an interesting email from an ‘insider’ in the real estate finance industry. His mail is in line with my views on real estate as an investment, but with some disagreements. I have largely reproduced it here with only some edits to be relevant to the present scenario. If you are already financially […]
We all have to live somewhere. We also need a roof over our heads. Even before the buy vs. rent argument enters the picture, what’s even more important is the allocation you give to your housing expense as a percentage of your income. The math of compounding works in such a way that the early […]
This post takes off from what I read in Millennial Revolution about a million dollar house-poor owner in Toronto, Canada. The inference is similar to what I experienced personally in Washington DC. We Americans and Canadians love home-ownership, and so do Australians from what I have heard. In my business trip to Spain recently, I learned Spaniards also cherish home-ownership almost as a cultural mandate. Then, I started wondering whether all this only holds true in large developed markets or does it apply even in developing markets. Perhaps only the developed world is living with contagious house fever?
Raman Venkatesh is the founder of Ten Factorial Rocks. Raman is a ‘Gen X’ corporate executive in his mid 40’s. In addition to having a Ph.D. in engineering, he has worked in almost all continents of the world. Ten Factorial Rocks (TFR) was created to chronicle his journey towards retirement while sharing his views on the absurdities and pitfalls along the way. The name was taken from the mathematical function 10! (ten factorial) which is equal to 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 3,628,800.