I can’t really wrap my head around it, you can have a tenant in there that maybe covers the mortgage, but it’s not really a good investment if you’re not getting a return?
Even if you use 500k to buy a property cash, wouldn’t that money be better off in the market?
In: Economics
Residences aren’t a good investment. The rapid increase just shows how powerful the demand is. The land appreciates that much faster than the structure depreciates. In general, there was an enormous population shift in Western Countries by about a quarter of the population from rural areas to cities. The demand is to live in cities. So land in those cities is more valuable to more people who want to occupy it.
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