On the other hand, there is an opportunity for thrifty, responsible, industrious households to get great bargains in real assets. There are places in some areas near me where you can buy multi-family units for one half their 2006 sales prices.
“On the other hand, there is an opportunity for thrifty, responsible, industrious households to get great bargains in real assets. There are places in some areas near me where you can buy multi-family units for one half their 2006 sales prices.”
I agree there are many real estate bargains. My concern with multifamily rentals for the longer term is government regulation and higher taxation. The leftists are extremely creative in creating new taxes as well as playing the class warfare card. I can envision a locality run by liberals instituting a per unit “slumlord” tax on dwellings housing comprising more than one unit or on individuals and corporations owning multiple housing units. Certainly rent control is another vehicle a liberal local government can use to transfer wealth from property owners to renters.
Our economy is grinding to a halt because people with money to invest have no way to reasonably project future returns given the propensity of government to arbitrarily take actions harmful to investors.