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"Real estate is basically a risk-free investment"
by llampx 6y ago
"Real estate is basically a risk-free investment"
- snypher 6y agoYou imply they're not going to get their money.
- kylebenzle 6y agoNot if we all plan on filing for bankruptcy.
- rasz 6y agoIt actually is. All properties are owned by Banks until loans get paid off. You pay for loans with rent. You are just a middleman between two groups of suckers.
- llampx 6y agoMind blown. That is actually true. Of course, even banks don't get to have completely risk-free investments when they give out a mortgage loan, but its close enough, especially when central banks are driving interest rates into the dirt, driving up the price of real estate and reducing the amount of interest the bank has to pay.