I'm pretty sure people with more Ty one house do pay higher taxes on the second house, you're only allowed one primary residence

by Anonymous 2 years ago

Real estate follows the rules of supply and demand like any investment. One key difference is the supply of land is very limited where people want (read: demand) to live. Housing is very cheap in many places in the US. You only have to be willing to live there.

by Anonymous 2 years ago

House flipping is not investing, it's speculating. Buying a property and then holding it to generate a steady stream of income i.e., rent revenue, is investing. If you buy a tree for $100 and chop it down to sell the wood for $300, you're speculating. If you buy the tree, and then live off the sale of its apples, you're investing.

by Anonymous 2 years ago

Regardless of your feelings, real estate is an investment. My parents bought their house 40 years ago for around $60k. It's worth 10x that in today's market. They did not buy it to make money, but when they sell or pass it on, it will be a significant windfall compared to what they paid for it. We can have a conversation about limiting purchasing homes for rental revenue, or flipping, or restricting the market; but we be of the day real estate is an investment.

by Anonymous 2 years ago

My parents have a good friend who's parents bought a house in Cambridge MA way back in the 50s for $28K. It just sold last year for $1.5 million

by Anonymous 2 years ago

A guy from the next country over bought 5 houses just by my Dad's. I don't think that should be legal

by Anonymous 2 years ago

Tell that to all the people that make money off of it.

by Anonymous 2 years ago