Dan on Nostr: THE AMERICAN DREAM. That little house with the white picket fence. Most people ...
THE AMERICAN DREAM. That little house with the white picket fence. Most people consider it to be their "best investment"...They are wrong.
I'll list some of the reasons why.
1. The return is negative with maintenance, taxes, interest, insurance, overpaying for the asset in the first place.
2. The RISKs are actually very high with increasing taxes, natural disasters, zoning changes, neighbors, lawsuits, gentrification, and tenant issues.
3. Transactional costs are massive with commissions, title fees, and marketing times.
Houses are A LIVING EXPENSE. They are very similar to clothing and food. Choose a wonderful place to live and DON'T count it as an investment.
There are many other ways to save or inveat money: Owning good businesses, gold, silver, education, health, bitcoin, are some. Always do the honest math.
I'll list some of the reasons why.
1. The return is negative with maintenance, taxes, interest, insurance, overpaying for the asset in the first place.
2. The RISKs are actually very high with increasing taxes, natural disasters, zoning changes, neighbors, lawsuits, gentrification, and tenant issues.
3. Transactional costs are massive with commissions, title fees, and marketing times.
Houses are A LIVING EXPENSE. They are very similar to clothing and food. Choose a wonderful place to live and DON'T count it as an investment.
There are many other ways to save or inveat money: Owning good businesses, gold, silver, education, health, bitcoin, are some. Always do the honest math.