Comments by "" (@mrpmj00) on "How this couple retired at 29 years old" video.
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Stocks are better investments than realestate.
1. REALESTATE: Let's say you bought an average home $250k with 20% down which is $50k+ $7k closing costs (usuallly 2%-5% of loan so
let's use 3.5%) . house + 3% appreciation = $257,500. Less 6% sales commission , 3.5% closing costs, offering a home warranty =
$231,750. Now subtract the $199k loan ($200k - $1k towards the principal) and your profit is $32,750.
So, you actually lost money because you brought $57k to the table but now you only got $32,750 net sale, so you lost -$24,250. And I
didn't even include these profit killers: property taxes, insurance, fixup costs (termite spray, new paint, new carpet, fix roof, fix
heatpump/air conditioner, pool equipment, pool remodel).
2. STOCKS: $57k invested and the previous 12 months returned 9% which is a profit of $5,130.
I bought Nvidia, Zoom, Facebook, Microsoft, Google, Wells Fargo, Netflix
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