3. TIL millennials aren't buying diamonds anymore - millennials would rather spend ...

TIL millennials aren't buying diamonds anymore - millennials would rather spend money on experiences than diamonds

Peace of mind is not "nothing."

  1. If my water heater* breaks, my "landlord" is a fortune 500 company... they're gonna fix it. Stat. (Microwave, stove, door, Shower head, refrigerator, etc., etc.)

    1. If a tornado, flood, or fire levels your investment, I don't have to deal with insurance adjuster scum. Their job is to try to pay you as little as possible, their annual bonus depends on it. The guy on the Deathstar thought bounty hunters were scum, try dealing with the guy that the insurance company sends when your only son blows it to smithereens. Personally, I've been through that. An F5 tornado leveled my business in 1999. We had to sort through EVERYTHING and I do mean EVERY SINGLE BRICK, literally, to see if it was reusable or a total loss. Things were replaced at "a reasonable market value." Lol! It took weeks. The check he cut us was peanuts.

  2. Freedom from 30 years of monthly payments, ("mort" means death) the ability to be semi-nomadic in the case of financial ruin, natural disaster, or job market crash. (Detroit, anyone? Flynt, anyone? Fukushima, anyone?)

So check it: If you are "handy," If you plan on renting space via roommates or Air B&B, If you are smart as hell about write-offs, if your closing costs are minimal, you trust the inspectors, you trust your realtor, you trust the construction company (Toxic Chinese drywall? Pepperidge farm AND Brittany Murphy remembers,) you trust the HOA to not go apeshit on dues or rules, if you get a great mortgage rate, have a sizable down payment, and have BALLS AND NERVES of steel... your investment might payoff. And I hope it does.

/r/todayilearned Thread Parent Link - business.financialpost.com
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