I have always held that Real Estate is an expense. Not really an investment. You buy a house, use it, and then sell it off.
For using this asset you pay rent or you pay the person who gave you a loan to buy it. Of course the loan repayment has to be with interest. So the total amount repaid is about 2x the loan amount.
I have very strong views that a house is ONLY a usage asset and NOT an investment asset. So if you get a return less than the rate of interest that you borrowed at, YOU HAVE LOST MONEY DOING THE TRANSACTION…
Read on ….here is an article
Post Footer automatically generated by Add Post Footer Plugin for wordpress.