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Thanks. > Longterm investment yields 7% against all economic crises over two centuries. I wonder what that percentage would look like in comparison to people
by harryvederci 5y ago
Thanks.
> Longterm investment yields 7% against all economic crises over two centuries.
I wonder what that percentage would look like in comparison to people who spent all their money on a cheap mortgage free house, and bought 1 or 2 houses to let afterwards. Could be more than 7%? I know far too little about this stuff to express it in a number/percentage.
- ggm 5y agoOver the last 25 years, property values have appreciated by around 7% in Australia. This might shock people who are used to seeing the spectacular price rises in metropolitan cities, but they're looking at a shorter window. https://www.rba.gov.au/publications/bulletin/2015/sep/3.html https://www.rba.gov.au/publications/bulletin/2015/sep/3.html Owning property to let can be good or bad, depending on your goals. https://en.wikipedia.org/wiki/Peter_Rachman https://en.wikipedia.org/wiki/Peter_Rachman