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I definitely think that an apartment in the suburbs of a big city or a international REIT are the best options. Or perhaps pick a city, read up on future develo
by CharlesDodgson 9y ago
I definitely think that an apartment in the suburbs of a big city or a international REIT are the best options. Or perhaps pick a city, read up on future developments that are planned there and position yourself close to large retail and business developments.
Although maybe look at other investments, property doesn't really create wealth, it just benefits off the increasing demand for housing. You'll make money for sure, but be mindful, many young people like myself are stuck, we find it hard it own a home in home town due to over investment in the areas we grew up in and want to live. It's pretty anti-social in many ways. I feel investment in property is quite divisive.
I'm not some long haired socialist either, I'm a 32 year old working in computing for a while. I just don't have a stockpile of wealth. I also have no debt and good credit, but getting a mortgage for $400k+ is outside my capacity.
I think a decent investment option are cloud computing based ETFs, they have decent returns, and are essentially a 'tax' that is levied on some of the largest internet companies.
Just a thought.
- arisAlexis 9y agoare you basically saying to OP to not invest because people like you cannot find apartments? Sorry to say but our society doesn't work like that
- CharlesDodgson 9y agoI'm more saying that there is a social consequence to investing, and people should be mindful of them. I know we all (well most of us) enjoy the benefits of living in a Capitalist society and can put our money where we like, but as I said property is divisive and money sitting there doesn't generate wealth in a meaningful way. It's certainly not just about myself, if you talk to any person under 30 in a major city in a G7 country they will cite housing concerns and access to a stable home as a key concern. There's nothing anti-capitalist about investing to protect wealth and benefit society.