Today’s question comes from Evan who writes.
I have 3 rental properties and a primary residence that we’d be looking to retain and rent. Like a lot of people we’re looking for a bigger house and bigger yard out in a charming suburb. I don’t really know how to think about it though. It’s much easier to crunch numbers on rental properties than it is a primary residence. On the one hand you have to live somewhere and real estate can be a great asset class and store of wealth, on the other hand it’s a big expense and generally cash-flow negative. How do you look at buying a primary residence? Is this crazy housing boom we’re in now a good time to buy? Is it only going to get crazier?
Host: Victor Menasce