RE: LeoThread 2025-07-31 07:18
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Unpopular Opinion :
The housing market is just a tax shelter for the rich. Normal people should not partake.
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You are viewing a single comment's thread:
Unpopular Opinion :
The housing market is just a tax shelter for the rich. Normal people should not partake.
so what should young people do then?
(Agree with the first part)
$BTC 😎
haha sure!
But the issue here we had huge foreign investors buying almost all houses in the cities. Renting it for 3x mortage.
People are running out of options.
Same is happening here many places. It should be disallowed to own more than 3 properties
learn that life is not about physical things.
Also rent. It gives you mobility.
I could go on and on
fair point!
Unfortunately true…in the current market the data is there to support this. Unless ur using real estate specifically for leverage to buy more real estate or save on taxes it’s a lose-lose situation.
The housing market here in Atlanta is horrible. If ur “lucky” enough to qualify to buy a home you’ll end up paying like 20% over because Blackstone and others are driving prices up.
The American dream is dead 💀
it never was the American Dream.
That was propaganda from
The government and banks.
But I agree with your thread.
True indeed…the “dream” was always bait.
I guess when I say dream I’m more so looking back at the time when a married man could work at a factory and still afford to buy a home and take care of a stay-at-home wife & kids.
that was such a small moment in time. I consider it a transitional moment. Nothing to look back upon.
Maybe normal people can benefit from setting up trusts.