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Why Real Estate Sucks

Why Real Estate Sucks

Why does Real Estate suck in your opinion?

Sucks Estate Real Why

It is one item that you buy and have no control over your interest rate from start to end. Also in the past few decades it is proving to be one of the most volatile markets out there.

Why Real Estate Sucks History & Civil Business Politics

Real Estate sucks because it is often way over valued. Prices tend to inflate in some areas way beyond the actual value of the home. You can pay as much for a small two bedroom bungalow in San Francisco, for example, as you would get for a 4000 square luxury home in Boise, Idaho.
I have a friend who moved from Pleasant Grove, Utah where she lived in a very nice 3000 square foot home. They sold their home for a profit at around $400,000. They moved to the Sacramento area. To purchase a three bedroom, 2200 square foot home it would cost them at least $700,000. And the homes were a lot older and in not as nice neighborhoods.
Real Estate sucks because if you are paying close to a million dollars you should end up with a very nice home not just a run of the mill house.

Sucks Estate Real Why

Real Estate sucks because if you live in a tiny island in the Caribbean like me and don't have a million dollars US minimum, then you're bond to rent for the rest of your life.

Sucks Estate Real Why

Real Estate sucks because the beautiful houses by the mountains cost millions of dollars that I will probably never be able to afford!

Why Real Estate Sucks

Rocking the walking: Millennials drive new urban spaces

Cities moving quickly to reshape neighborhoods where everything is in walking distance. Ref. Source 9

Why Real Estate Sucks

Real estate sucks because it is dramatically affected by the condition of the neighbors' housing near where the property is located. One could have a marvelous mansion. But, if the mansion was built in the slums and surrounded by lower-class housing, then the mansion would have a low resell value. I wonder if that also means one's property taxes would be lower?

Edited: Rasputin on 13th Sep, 2014 - 12:35am