So I have done my research and would like your guys input on these retarded home prices. So I seen a home that was built in 1972 and very used and old and the asking price was around 500k and could go for more. I live in a area that is majority blue collar and a relatively small town for california. Jobs around here don’t even pay 100k per year not even whith 10 years of work experience. So I was thinking if the stock market makes 10 percent a year historically. Wouldn’t it be better to dump that money into the stock market then a old house. If I was to hold that house for 10 years would I even turn a profit when in 10 years the home will be very old and worn out. the prices in this town are at all time historical highs. who knows how much would be spent in maintenance over those years. When that 500k would turn into maybe a million in the stock market over 10 years. And personally I do not think that home would sell for 1 million in 10 years when the town is small and pays shitty.