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| I'm certainly not saying I'm smarter or disparaging anyone, I'm simply interested in how the numbers actually shake out. And I appreciate you telling me what you have. I'm completely open to being wrong, in fact I'd like to be wrong. These discussions always turn into insults and I have no idea if I've missed a major point, if the other guy has, or if we're both too incompetent/emotional to actually have the discussion.
I can come up with a million things to do. The question is if any of them pay any more than clicking a button on my phone, sitting on my rear end and watching the number go up. It seems like the answer to that question is no almost every time. I don't know why it irritates you I want to rent and stack cash in an index fund. If it has the highest return and is also the objectively easiest thing to do, why would I not do it?
You say the economy rewards people willing to get their hands dirty. Maybe? It doesn't seem like that's how the numbers shake out. It certainly doesn't seem like the reward is proportional to go from passive index funds to actively managing an apartment building.
Could your son sell the building today and offer his handyman services to the new owner and a few others on his nights and weekends, throw all the proceeds in an index fund and be ahead of owning the building at all? That's what I'm interested in and it seems like a real possibility. | |
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Rental Income Breakdown and K Shaped Economy
