Hi friends — I spent a long time working on an article about housing as an investment looking forward. It’s not San Diego specific, but rather discusses housing in general and why the future is unlikely to resemble the (recent) rearview mirror. There’s lots of extra commentary in the footnotes, and btw, while I frame the topic in investment terms it’s also intended for owner-occupiers. I hope you enjoy it!
High hopes, modest prospects: rethinking housing’s investment potential
Hi Rich, just wanted to say thank you for putting together this insightful article! I was just chatting with a family member about this general topic – house down the street sold for X, rented out for Y, where any implied return just doesn’t really seem attractive relative to other investments (regardless of the financing/capital structure assumed). I shared your article with them – it’s great to see the quantitative support and agree with your perspective!