Post
Topic
Board Economics
Re: Is renting an inevitable waste of money?
by
btc78
on 27/05/2024, 05:11:51 UTC
House is liability and we all know that fact and lucky for me I had an inheritance which is a residential and agricultural land here in the province  which I can convert into a profitable commercial or bed space for rent just like in Airbnb but the thing is I had to find a capital first as that was a problem for me. Houses for rent in the city varies in prices depending on the floor area and strategic location. Here in my place I think with more or less $50 you can rent a livable apartment but yeah province rates really is different from city.
I don’t think that it’s a liability.

Just because you have run out if funds to continue making your properties into a profitable properties doesn’t mean it’s a liability. It’s not gonna cause you if you just sell it. That way you can even earn some and do whatever you want with the money you just earned.