Quote:
Originally Posted by Castle2.0
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If you are HODling a couple hundred bucks of gold... then whatever.
If you want to HODL a significant amount of money, gold is terrible.
Also, property is myeh in the long run. You pay 0.18% to 1.89% per year on the value of the property in taxes. It also makes no money unless you deal directly with tenants or property management company. There is also wear and tear and legal liability.
With all the pro-tenant crap that's been coming, no thanks.
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Does property not have much inflation in your area?
It's like 10% here, which far outstrips local taxes (which are paid by the tenant if the property is occupied anyway, and reduced to about a grand if it is an unfurnished unoccupied residential property). Just by owning a property worth £250 grand for a year you get £25 grand richer. Buildings insurance is cheap to, just hundreds of pounds.
Rent out fancy properties in desirable areas you young family immigrant city worker and they pride in the place, keeping costs low. If one of the kids trashes a carpet they'll pay for it happily.