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What about real estate? How is that faring
by hammock 4y ago
What about real estate? How is that faring
- gus_massa 4y agoHi from Argentina! At least here real state is a good option, but to buy a small single room "studio" apartment, I need to save one or two years of the total income of my family. Where do I save that meanwhile? With a high inflation $100 today are like $30 in two years. And that's assuming I save every single cent. If I spare some money for food and the electricity bill, buying an apartment takes much more time. If you have plenty of money you can buy a big apartment, or a whole hotel or something. The problem is how to save a small amount of money for a year. For example save each month to buy next year a new fridge or a notebook.
- petre 4y agoOh man. You don's save during inflation. You buy stuff. Stuff you could easily sell for a "profit".
- gus_massa 4y agoI know, I know, don't worry. Instead of buying things to resell, I prefer to buy in advance things I'm going to use. For example enough concentrated laundry soap for 1 year, or tuna cans for two months. They have a good volume to price ratio, and they don't spoil. [I could boy more tuna cans, but it looks too weird.] This is useful to absorb extra payments, for example we have a bonus half salary in July and December.
- can16358p 4y agoA few years ago I rented a house for 3000₺. Now I'm paying 4800₺ which is dirt cheap. If I were to rent it again, I probably wouldn't find it under 7000₺. Real estate prices are somewhat proportional. It's profitable if thought in terms of Turkish Lira. But when corrected for inflation, not really.