this post was submitted on 29 Nov 2024
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Not sure I see the relevance. Yes, housing maintenance costs money, what's the relevance? Who says housing upkeep is free? What's the relevance to anything at all?
"Sold it for a much higher price without ever using or modifying it." Proper upkeep over several years counts as "modifying it" in this context IMHO.
You can indeed make money by selling it at a higher price without ever using or modifying it, and even if you do use or modify it, profits from the sale still come directly from not using or modifying it.
Don't buy something meant to be used and insist you must make a profit for not using it. Rent it out at least.
Yea, absolutely, hence the approximated 4-6% return on investment - some years more, some years negative.
There is this apartment that I've been eyeing for a while, and I've seriously considered becoming one of those loathed landlords myself. Feels like trying to do right by the apartment and by a tenant would be putting out more good to the world than a passive stock fund, you know? So been reading up on it quite a bit lately.