How reliable is real estate?

[Deleted member 21048]

Say you buy property in a western country and it's fully paid off. You can either have supplemental income from renting it out or you could live off the rent money in the third-world in Asia/LATAM

But for most it will take years or decades to pay off a house that is worth anything. Also is it worth the taxes, inflation, and shit housing economy? Would it even be worth it

 

[chigoha]

real estate is just for keeping the money that you already have not for making money

and even then i wouldn't recommand you so since the real estate market isn't as predictable as it used to be

 

[HumidVent]

You also have to take into consideration property taxes, utilities, insurance and maintenance.

And historically the stock market has had a higher rate of return that real estate, however most people don't borrow to invest in stocks, but almost everyone borrows to buy a home. So if you put 20% down you are essentially leveraged 5x.