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Own property. You can always rent it out and you will never go homeless because of that.
by antisthenes 9y ago
Own property. You can always rent it out and you will never go homeless because of that.
- wheresmyusern 9y agowhy does nobody else realize this
- astura 9y agoBecause it's not true as the foreclosure rate proved in 2009.
- wheresmyusern 9y agoso a bunch of people decided to buy into a scam -- decided to buy hugely, massively overpriced houses, and enter into loans with insane interest rates, all the while not having even the most tenuous fucking hope of ever paying for any of it, and you point to that and tell me that its evidence that land is a bad investment? are you fucking crazy?
- michaelthiessen 9y ago> You can always rent it out This is clearly false. Additionally, if you can't pay your mortgage because the recession hits you as well, then you can lose the house. There is no bullet-proof strategy.
- antisthenes 9y ago> This is clearly false. Wow, nice argument. You can't rent out property during a recession? What stops you, exactly?
- michaelthiessen 9y agoYou can, but that doesn't mean that it's going to be a cake walk. Just because you are trying to rent out a property doesn't mean it will be rented out. That's all I was getting at in my poorly constructed reply.