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Sure, but to make money on housing appreciation you also run the risk of losing money on housing depreciation. Given that owning property is a risk, it's not a
by bmmayer1 9y ago
Sure, but to make money on housing appreciation you also run the risk of losing money on housing depreciation. Given that owning property is a risk, it's not a fair characterization to look at landlords as some sort of leech on society that just get rich at the expense of everyone else. That's survivorship bias looking at only the successful landlords and ignoring the real risk involved in owning property.
- dba7dba 9y ago> Given that owning property is a risk, it's not a fair characterization to look at landlords as some sort of leech on society that just get rich at the expense of everyone else. Every landlord I've paid rent to or some acquaintances of mine who own rental properties seem to all have more than a few rental properties. And I've never seen/heard of rental property owners going bankrupt. Yes some do, but they do so because they stretched themselves way too thin. It's an anecdote but pretty much any family that seems to live well without the breadwinner working 70-80 work week as a doctor/lawyer seem to have rental properties. It is the most stable/lucrative use of one's wealth. It's been that way for a long time.