3 ms·
> Real estate is expensive to maintain. You don’t let real estate appreciate in value by letting it “rot”. In my neighborhood, there are at least 3 unoccupied
by orthecreedence 2y ago
> Real estate is expensive to maintain. You don’t let real estate appreciate in value by letting it “rot”.
In my neighborhood, there are at least 3 unoccupied homes within a 3 minute walk. We live in an area with accelerated entropy (the forest) and the homes are, by any useful metric, rotting. I will let you guess if in the past 10 years the value of the homes has gone up or down.
I would love if someone, squatters or not, lived in those properties. I understand things are different in different places, but where I live we have unoccupied homes that could house people. As it is, some private owner swings by once a year to throw another tarp on the roof and then fucks off, leaving an empty home to rot during a housing crisis. Yay, property rights.
- Rizzzk 2y agoYes, maintenance costs can be a pain, but you can mitigate them by hiring a property manager or budgeting for repairs. And if you invest in the right areas, property values can appreciate over time. It's all about being a responsible investor and taking care of your properties. I know it's not the same everywhere, but in many places, real estate is a solid way to build wealth. Just think about it: you can earn rental income, get tax benefits, and potentially sell the property for a profit down the line. It's worth considering, even with the challenges you mentioned.