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Moving to SF Bay Area, Considering REITs for investments

Bogleheads • View forum - Investing - Theory, News & General - www.bogleheads.org
Bogleheads,

I am moving to the San Francisco Bay area for a job opportunity. I really like the Bay Area and want to live close to work which is the Palo Alto area. That said, I don't believe that I will be able to afford to purchase property here - I am on one income and moving to a very high cost of living (especially real estate) area.

I keep playing around with the numbers and can't seem to make home ownership work for me there. Having been resigned to the idea of not owning a home, I wanted to see if maybe there is an investment equivalent that I can used to diversify my portfolio like the Vanguard REIT.

I would like to know how many of you may have invested in REITs in place of actually owning real estate. Are REITs a good idea for someone that wants to benefit from the stability of that area.? I am a Vanguard index fund investor, "set it and forget it", 401K-max, yearly re-balancing.

While at this time I am open to alternative investments, I do really like the idea of owning my own home. When you own, nobody can raise the rent on you or put crazy rules on how I user my space. It's a bit unsettling to think about going back to renting an not having a measure of control over my house.

Interested in thoughts, perspectives....
Date: Jun 19, 2017   


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