Re: Bitcoin or Property? What might be the best investment?
Their argument is, rent a smaller and more affordable property at a lower monthly rent as what you would have paid on a big house and invest the "savings" into high risk investments like Bitcoin.
They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea.
They countered that with the argument that the home owner still have to pay for the maintenance of the property, so owning a house and paying a Bond was a stupid idea.
Usually a property's price should still grow in time. Also you recover some of the investment if you rent it (especially if you have another place to live).
Maintenance costs, indeed. But if the house needs more maintenance it means you've bought it cheaper and if you maintain it well its price will rise even more.
Of course, we'll rule out the cases you do bad business and the ones that'll live in that house will pay less than the damage done.
All in all, it depends of the country. In my country buying houses is a good business, since people are used to have their own house (or flat). So if you want to sell it afterwards, it can easily be done. In other countries people go easier with just renting where they want to leave, being more mobile and having less problems with maintenance and stuff.
My idea is that's better to buy something which price will safely grow and have cryptocurrency as a side investment for "jackpot".