F.I.R.E without physical property?

[firemediceric]

Quote:

Originally Posted by Sunset Some places the housing is not going up much ...

That is not the case in the area i’m looking to go. The market has risen so astronomically and inventory is so sparse that people are reportedly buying homes sight unseen based on their realtor’s recommendations and even at that bidding $10,000-$20,000 over asking price. It seems crazy to me.

[F.I.R.E User]

Quote:

Originally Posted by Bryan Barnfellow We owned our own homes when we lived in the States; but upon moving to Europe we rent. We feel this gives up the most flexibility and doesn't tie up our income generating funds. To compensate in our portfolio we have an appropriate weighted component of US REITS. -BB

Moved to Europe to F.I.R.E?

[brett]

We sold and then rented for five years after retirement. We really enjoyed renting. In our market, at that time, renting was financially advantageous to us. We subsequently bought.

I believe the rent vs buy is contingent on your market, you personal desires, your financial situation, and your health.

There is something to be said for not having one large indivisible asset that may or may not be difficult to unload depending on market conditions.

[Koolau]

Quote:

Originally Posted by firemediceric That is not the case in the area i’m looking to go. The market has risen so astronomically and inventory is so sparse that people are reportedly buying homes sight unseen based on their realtor’s recommendations and even at that bidding $10,000-$20,000 over asking price. It seems crazy to me.

I think we've been here before (anyone recall the mid 2000s - just before the great unpleasantness?) Hope 2020 doesn't have yet one more bad surprise up its sleeve. YMMV

[F.I.R.E User]

Quote:

Originally Posted by brett We sold and then rented for five years after retirement. We really enjoyed renting. In our market, at that time, renting was financially advantageous to us. We subsequently bought. I believe the rent vs buy is contingent on your market, you personal desires, your financial situation, and your health. There is something to be said for not having one large indivisible asset that may or may not be difficult to unload depending on market conditions.

Whose market? Where I reside?