Realestate (general) is a horrible investment..

[Crusile]

Real estate might be the worst investment oat (of all time). I can expand

 

[traveler]

buy a house in 1950 for $1000 and two cows

now worth $250k

 

[AlexBrown84]

Over if you don’t get a house passed down from your family

 

[smvmaxxertilllate]

Can you elaborate? I am planning on buying real estate in other countries when I have money.

 

[Moggie]

Capital gains aswell as passive income source from people paying rent. Landed gentry historically did fuck all work as extracting just the accommodation costs from occupants and value of estates on paper were enough for them to sustain their lifestyles.

 

[BoneDensity]

all of human history disagrees with u

 

[Prince charming]

Real estate might be the worst investment oat (of all time). I can expand

Explain please

 

[Crusile]

Realestate value gets debunked by property taxes,
property taxes are the most efficient tax. It will 100% come..
Think forward, the realestate ship has sailed. theres no room for growth, realestate is literally worthless

 

[Crusile]

Can you elaborate? I am planning on buying real estate in other countries when I have money.

the only value is if your country has tax favorable (scam) primary residence laws, like no tax on primary residenceif you live in for 6 yrs. Tax scams like this will be removed soon

 

[Crusile]

Individual landlording need to be removed and replaced with corporate owned and/reits

 

[Moggie]

the only value is if your country has tax favorable (scam) primary residence laws, like no tax on primary residenceif you live in for 6 yrs. Tax scams like this will be removed soon

My country (NZ) had no capital gains tax. The housing market has stalled here it is basically a whole country with Vancouvers housing market. Also there is something called the bright-line test but it isn't a capital gains tax.

 

[Crusile]

My country (NZ) had no capital gains tax. The housing market has stalled here it is basically a whole country with Vancouvers housing market. Also there is something called the bright-line test but it isn't a capital gains tax.

yes bvut that should be heavily priced in. If housing is expensive developers can make safe bets on apartments/condos over 5-15 years. It takes time to shift but it will happen

 

[Crusile]

@ingrahammark

 

[Crusile]

Individual landlording need to be removed and replaced with corporate owned and/reits

Kys if you own a house in 2022,
"realestate" as an asset class is over, your "real"estate will be worth nothing LOL