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I call this speculation. In most real estate markets, a normal house is a depreciating asset that requires upkeep, maintenance, property taxes, and other liabil
by mifreewil 6y ago
I call this speculation. In most real estate markets, a normal house is a depreciating asset that requires upkeep, maintenance, property taxes, and other liabilities.
- smabie 6y agoNo, not really. It's very rare for a house to depreciate, even if no repairs are being done. Moreover, property taxes are almost always going to be lower than the rise in price of the property. And speculation and investing are the same thing, except the former is often used in a pejorative way.