Custoslibera@lemmy.world to Memes@lemmy.ml · 1 year agoDon't be fooled Billy, it's not really a job, more of a parasitic relationshiplemmy.worldimagemessage-square14fedilinkarrow-up135arrow-down15
arrow-up130arrow-down1imageDon't be fooled Billy, it's not really a job, more of a parasitic relationshiplemmy.worldCustoslibera@lemmy.world to Memes@lemmy.ml · 1 year agomessage-square14fedilink
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up2·1 year agoI think the main money maker isn’t rent. It’s owning (or at least having a mortgage on) property that doubles in value every ten years. The rent often just pays for the mortgage and upkeep. The main payday comes when they sell it all off to the next parasite.
minus-squareabraxas@sh.itjust.workslinkfedilinkarrow-up0·1 year agoReal Estate long-term ROI - 4% per year NASDAQ long-term ROI - 11% per year It’s about diversity, and the various tax advantages to owning the property/business/etc.
minus-squareworkerONE@lemmy.mllinkfedilinkarrow-up0arrow-down1·1 year agoGood luck getting 11% a year in the stock market. I think your stats include the pandemic and I don’t think we’ll see increases like that again, at least we can’t count on it.
I think the main money maker isn’t rent. It’s owning (or at least having a mortgage on) property that doubles in value every ten years.
The rent often just pays for the mortgage and upkeep. The main payday comes when they sell it all off to the next parasite.
Real Estate long-term ROI - 4% per year
NASDAQ long-term ROI - 11% per year
It’s about diversity, and the various tax advantages to owning the property/business/etc.
Good luck getting 11% a year in the stock market. I think your stats include the pandemic and I don’t think we’ll see increases like that again, at least we can’t count on it.