4 ms·
> Do you think that people are going to desire living in Santa Monica or Queen Anne less over the next few hundred years? Milwaukee and Detroit were pretty des
by kortilla 4y ago
> Do you think that people are going to desire living in Santa Monica or Queen Anne less over the next few hundred years?
Milwaukee and Detroit were pretty desirable not that long ago. Cuba was quite nice 80+ years ago. Hong Kong was desirable globally just 10 years ago. What is “desirable” changes from many other factors so property investments absolutely aren’t a given.
Land in the middle of nowhere barely beats inflation and has varying degrees of ongoing costs depending on the jurisdiction.
- peteradio 4y agoI doubt arable farmland has generally gone down over the long view.
- mickdeek86 4y agoThe campesinos may disagree about Cuba being "quite nice" 80 years ago, what with all the slavery and rape. But yes, a seemingly good real estate investment for foreigners.