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.
Until now, my family still has a house that hasn't been sold, this proves that selling a house is actually not an easy matter, especially now that many people are really holding back their money because of the current economic uncertainty
A house is indeed a basic need, but to invest in property, I think it's not profitable now, it's still better to invest in gold or cryptocurrency
When there is economic instability in any country, buying and selling really big assets is a dilemma. At present it is a fact that big decisions like buying and selling of houses can be very profitable if they can be replaced by Cryptocurrency or Bitcoin, which will lead to a better home-buying situation later on. Although buying and selling land or house assets is very profitable in populous countries, it cannot replace Bitcoin.