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Contrary to popular belief, real estate is literally never a good investment. At best, prices go up faster than property tax and you profit modestly from the mi
by thescriptkiddie 11y ago
Contrary to popular belief, real estate is literally never a good investment. At best, prices go up faster than property tax and you profit modestly from the misfortune of others for a couple of years before the bubble bursts. At worst, your investment is rapidly eaten away by depreciation and maintenance costs.
- gozur88 11y agoIt's true houses aren't a very good investment over the long haul, but for most buyers with the leverage involved you can end up with quite a windfall if you get lucky.