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> Using others to manage the land rarely maintains an inherent value to keep you wealthy, at least in the US. Property maintenance contracts aren't nearly as e
by EADGBE 9y ago
> Using others to manage the land rarely maintains an inherent value to keep you wealthy, at least in the US.
Property maintenance contracts aren't nearly as expensive as you might think they are.
Even with a mortgage, property taxes, maintenance cost and equipment upgrades, one can still come out on top with a profit margin.
*This experience is based off of single-family units, though I may have misunderstood your "land".
- kodablah 9y ago> one can still come out on top with a profit margin Agreed, but that's rarely extreme wealth. The GP seems to point towards a more feudal situation which, at least on this side of the pond, doesn't seem to exist. And while land may be a primary inheritance mechanism, most significant gains are realized only after sale.
- ameister14 9y agoThat's not accurate in my experience. I know about a dozen families that have multi-generational wealth maintained in large part through physical property holding and rent/leasing. They are all in cities, though; Cincinnati, Miami, NYC and LA - perhaps that's the difference?