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Isn't it already a liability to have debt on property that can't make you any money? Especially if you can't flip them because they're underwater?
by smeej 3y ago
Isn't it already a liability to have debt on property that can't make you any money? Especially if you can't flip them because they're underwater?
- Someone1234 3y agoBarely on a 3% mortgage. There's a reason a lot of investment companies are buying empty lots and putting storage units on them, they are just trying to break even on the business and expect the land itself to inflate over time. If they purchased this property at e.g. 7% or more, you may have a point.
- deleted 3y ago[deleted]