In our life, real estate has been the only really safe investment. With the exception of our IRAs, we do not invest in the stock market because it’s become a lottery for the wealthy, where the small investor just gives his hard-earned money to the rich a$$holes at the top. The stock market is no longer a place where the average joe can participate in financing business, but rather a place where the a$$holes at the top have managed to install all sorts of “financial instruments” designed to turn that market into a criminal enterprise. Over 18 years, we’ve managed to turn a $500,000 initial investment into RE holdings amounting to just under $7 million. The RE market is much more stable than the Stock Market, and those same a$$holes can’t rig it like they have done with the Stock Market. Also, with RE, you are not as “naked” tax wise as you are with other investments.
i expect the deep state to try and crash the market just before the election (as, per the 2008 election, which gave us O).
...I think most people would already consider $7million "wealthy"...
In our life, real estate has been the only really safe investment.
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The problem with real estate as an investment is you have to maintain it, insure it and pay taxes on it every year.
It’s not too bad if it’s your homestead because it’s better than paying rent and there are some capital gains tax advantages.
Real estate is a safe investment where property rights are defended by non-corrupt institutions and you can defend it.
What types of real estate have you invested in?