investment

This as-told-to essay is based on a conversation with Lawrence Guerguis, a 24-year-old based in Orange County, California, who started investing in real estate in the Midwest while still in college. The following has been edited for length and clarity.I always thought I’d go into investment banking and work on…

Michael Burry, who knows a thing or two about the housing market, says that buying a home is usually a mediocre investment.”I calculated the long-term after tax return on residential real estate over a 50 year adult life is about 4.5% after tax including expected maintenance costs,” he said in…

This as-told-to essay is based on a conversation with Michael Chang, who runs a short-term rental business with his wife, Elizabeth and advises other professionals on investing in vacation rentals.Claims about the size of the Chang’s portfolio and their clients have been verified by Business Insider. The interview has been…