Post
Topic
Board Economics
Re: choose an option
by
Grizzly888
on 01/11/2023, 11:54:42 UTC
I am definitely going to choose option d. Here is why. If I get a house then I can rent it for passive income. And whatever I get from it, I can easily spread that money to different investment. Diversification is the key. I know it is a Bitcoin forum and people will most likely choose option c but if we look at the bigger picture, I think option d is the best one.

You are getting a passive income monthly by renting out your property/house. You can do whatever you want with that money afterward. I can invest into Bitcoin, I can invest into gold and I can invest into business. Lottery is based on luck. So that's not something I am worried about. And I'm never going to choose that. When we have a constant flow of money, we can take risks that won't be possible with other options.
Maybe I have a fu**ked up mindset, but this is how I think. When you have a roof over your head, you can achieve other things and you won't have to take that many risks. I don't know about this but you can share your opinion on this. I'm open to suggestions.

Well... When you lease your house to someone, quite often people who rent it might treat it badly. I know people, who owns a couple of houses/flats and lease them, and I was very shocked when heard from them, that they regret about investing capital into living houses. Loads of people who rent houses after they moved leave after themselves many work to do, starting from repairing basic goods in the house, finishing buying new beds, sofas, cutlery, tables etc. You may say "Sue them!", but remember that it also costs money, time, nerves, therefore it's often cheaper to buy new things into the house or repair something. And as you see, option with a house has many indirect costs, which definitely are much worse than benefits. Therefore, I believe that investments into real estate makes sense only when you buy buildings which can be leased to the businesses, because as guys has told me, businesses pay more for the rent, make renovation by their own and clearly understand that in case if they damage the building they will pay for it. But I understand your view point, it still makes sense.