Post
Topic
Board Economics
Merits 1 from 1 user
Re: The real estate bubble
by
cellard
on 02/08/2018, 16:53:16 UTC
⭐ Merited by darkangel11 (1)
The attractive of real state investments is within the fact that even if it went to 0 (which obviously would never happen, because a place to live will always have some value, of course unless the place wherein the real state resides goes full Chicago or something disastrous happens) will always have some value to it. No matter what the market says, you can still live there. If you are holding a stock and it collapses, you have nothing, same for a crypto and so on. This is why real state will always be desirable.

It will always be attractive to have something which you can milk for passive profits, in this case, having a nice portfolio of apartments. This comes at the cost of having to keep up with any problems that could happen with the renters, being a landlord is a job. I have never been a full time landlord but that's what they say. It is sure a less time consuming job that the average wage slaving one tho, and you could always hire someone to do all the paperwork. If I had the money I would try to own at least 4 apartments in big cities which would deliver a rent high enough to not have to work and live pretty comfortably. These will ALWAYS have a demand. In a globalized world there will always be people willing to pay for it. Many exchange students come to these cities if no locals want to rent it. There is a big demand. Just try to get them in places without troublesome people so you don't have to lose sleep over some fucktard destroying the furniture or whatnot.

If this is of any guidance:



It may be smart to keep focusing on improving your Bitcoin holdings and forget about real estate for now. Our time to own nice houses will come. We may be able to pick up some really cheap deals while Bitcoin as at 6 figures or more in a couple of years.