Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "Why I'm NO LONGER Buying Real Estate.." video.

Also location, so you might want to go back to the 19th century and steal some land like the big boys did.
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He's talking about 20% of his income being $200k, there's no inherent reason for him to shoulder the additional risk associated with buying assets closer to a potential ceiling, as he could just stop working altogether if he wanted to.
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@waterlevelroute Precisely, there's a reason why risk and reward both tend to increase together. The most consistently wealthy people are the ones that can routinely identify when the risk hasn't risen as fast as the reward and can take advantage on that.
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@imrana3618 No they're not. I'd challenge you to find any mainstream stock that can go from $600k to $0 just because a bunch of crackheads moved in and turned the place into a toxic waste dump and removed all the copper from the walls. Stocks aren't particularly risky, as long as you bother to do your work in evaluating the company, or stick to index funds covering the market as a whole. A proper protfolio should always include a combination of stocks, bonds and cash. A better portfolio will include real estate in some form or another whether it be literal housing units owned by yourself or shares in a trust that owns them for you. The fluctuations of the stock market are normal and healthy, as long as you buy solid companies, and shift your holdings towards bonds as you get closer to retirement, it's largely a non-issue for most people.
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@CoffeeAndBusiness Tell that to the homeowners on the Love Canal or in Detroit. Real estate like any other class of investment can lose money, it's just a different form of investment that is best added to a diversified portfolio of stocks and bonds.
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@trinhminh-ha6895 Paying off the mortgage is somewhat more complicated than the David Ramsey types would have you believe. The main advantage of paying it off is that you can only be foreclosed upon by the government, not a banker. But, if you've got a low interest rate like what's often available now, it's not so easy as even after factoring in the cost of interest and inflation, you may still be ahead if you invest the money rather than using it to pay the mortgage down.
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Which works out fine, until a pandemic comes along, and suddenly you're no longer either able to collect the rent or evict the tenants to find ones that will pay. Only idiots put all their eggs in the real estate basket. Stocks, bonds, real estate. Not to mention a bit of cash and supplies in case of natural disaster.
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