Quote:
Originally Posted by Tinordi
Why would Zuckerberg need to own a place? Pretty sure his other investments are doing well. In all honesty, it just demonstrates more savvy by Zuckerberg as he avoided one of the worst performing investments over the past 4 years in real estate.
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Real Estate isn't inheriently a poor investment, it's just like anything else in that it has to be properly valued. The market failure of the US housing market during the past 4 years was more a market failure in non-fixed rate mortgages by banks/lenders then anything else. Well that and the western compulsion to attempt to live beyond our means. That being said it's entirely possible that Zuckerberg can't find a place to buy that is both valued properly and fits his needs.
I'd rather own then rent in general, renting is just assetless sunk money.