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Both points seem to point to real estate being a bad investment? 1) local governments have already been to tempted to squeeze revenue out of lease renewals, wh
by freewilly1040 8y ago
Both points seem to point to real estate being a bad investment?
1) local governments have already been to tempted to squeeze revenue out of lease renewals, who knows what they’ll do in the future
2) a property tax is inevitable and unknown...
- seanmcdirmid 8y agoTrue, but the main reason property is a bad bet is a way too huge property bubble. Urbanizing farmers aren’t going to save the day and pay you $1 million for your extra 75 sqm apartment.