Quote from: pusaka on Today at 05:58:59 PM

Quote from: Minor Miner on July 23, 2024, 10:03:19 AM

Not to mention, real estate can create a passive income source as well as its value will gradually increase over time, which is why real estate is considered the best investment that anyone wants to own. Meanwhile, Cars are just assets that lose value over time, a product that will lose value when used a lot or will become an obsolete product.

I don't know what country he comes from and what his experiences are with real estate. But he can't just because of his bad experiences judge that real estate is even worse than an asset that loses value over time like a car.

That's also what I was thinking, why are there people who think investing in land is bad as the OP said here. Has he had a bad experience with land or property in the past to come to that conclusion? Moreover, he also compared it with a car, which in my opinion is neither comparable nor reasonable.
Indeed, in some cases there are also land disputes and it takes a very long time to resolve it all. As is the case in the case that is happening around me at the moment, but if you dig deeper, the government is indeed the cause so that the land becomes a dispute. But it comes back to ourselves, if we want to buy a plot of land then we really have to know in depth the origin of the land. And actually, not only in this, but in everything we have to know in depth if we want to buy something valuable.

There is nothing wrong with investing in land because investment is also one of the best investment choices for those of us who want to gain profits in the long term. So you could say this is like gold, land prices never go down, in fact they go up every year. Comparing it with a car certainly doesn't make sense because cars will go down in price, especially since they are expensive to maintain.

It was possible that he had experienced unpleasant things when investing in land, which was why he told everyone that. Land investment is an investment that has great potential in the long term. However, before starting to invest in land, there are several things you need to know so that you don't experience losses, such as location, disputes and so on, where the owner must know the clarity of the land so that our goal of investing in land can run well and reduce risks, by so we can get optimal profits.