renting is the smartest thing ever. outdated or run down move bad neighborhood move loud noises move ethnic cooking smells move wild loud parties move loud cars move you get the idea also even for the californicators here who think their real estate don't stink. no one wants to add up the taxes they pay the maintenance and up keep they pay painting, carpet, fixtures, granite, yard work taking your time or money insurance on the structure it's a friggin money pit and no gains can overcome the reality
Renting and trading in a country with a great standard of living, perfect weather, clockwork solar days and a quarter the costs of the US is even smarter.
There is a certain beauty here. They can actually pay those taxes, upkeep and maintenance. They can hire a gardener and afford insurance. They live in California!
Yeah it really sucks that i bought my house in N calif in 2011 for 189K and now it it can sell for 580K with not a cent put into it. taxes <3k/yr
bullshit i know i lived in cali "puke" so i made a fortune not counting the fortune i paid pin prick at a time. gas is higher, food is higher, laws are intrusive, fruits and nuts everywhere, cost of anything crazy, lack of skilled labor, on and on pure shit state.
interest on loan? taxes almost ate up your entire supposed profits fool. upkeep - did you mow the yard? remodel a kitchen, bath or have the same old shitty carpet, wake up. it's this kind of ignorance that keeps people from making money trading. face the facts.
I bought my first proberty for 40K rubles in 1998.Now it costs 2.5M roubles.Nowadays i`d spend 2.5M even more faster than back in the day 40K.Plus, the utility bills i paid over the years now should be equal the same 2.5M. Money worth nothing, but property is liability and keeps you as a hostage.