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Still, why not pay 10% more and own the building? You could still get the money back (and hopefully more) when you sell it again.
by flemhans 5y ago
Still, why not pay 10% more and own the building? You could still get the money back (and hopefully more) when you sell it again.
- phonebanshee 5y agoOr potentially a lot less. The idea that real estate always goes up doesn't match reality.
- bigthymer 5y agoI'd imagine transaction costs on real estate are high...maybe even approaching 10%.
- lolsal 5y agoTransaction costs, taxes, maintenance, interest opportunity cost, etc. all of the same reasons that it might be cheaper to rent in the USA than buy.
- tannhauser23 5y agoOwner might not want to sell?