One thing to consider is that rental properties are a tax offset too. The reason they're not an investment is because they're non productive assets. They don't create additional value. But, they're appreciating assets with compounding cashflows which is better than most passive options.
I don't see it. Supply and demand drastically favor sellers for the foreseeable future. This could change but would take time. Consult a tax advisor but imo depreciating a property with the IRS does not lower basis. Only things such as insurance payouts or the sale of partial lots do.
Reference the Russian rubel. Also, what's happening to gold right now is more interesting to me than oil. You've got all the western financial institutions going all in to try to crush gold prices.
Squatting a house with the right tribe might have to become a viable option. Treat these houses owned by Blackrock as public property. Neighbors should have your back since you're better than an illiterate pack of government funded Somali degenerates. Houses are terrible investments unless they are actively being rented because of deterioration, maintenance, taxes, and risk of disaster - like fire or angry packs of upset citizenry armed with baseball bats. I don't think we're there yet, just speculating a possible timeline.
Sure am happy we don't have this problem.
Mortgage, loan, lien free for 20 years now.
The debt free life is the best life to live.
If you don't use debt and depreciation to manage real estate, you're gonna pay really high taxes
Our ten acres, home and 3 out buildings are homesteaded.
Our other real estate holdings are undeveloped. Exploiting resource rights.
Again, no liens. Taxes are managable.
Location, location, location.
It's literally how the rich pay zero taxes. Imagine using your own money
Not gonna argue any further. The info is out there, don't take my word but keep paying 40% tax on your income and not reporting it as a loss
Property tax steals half your equity every 30 years
One thing to consider is that rental properties are a tax offset too. The reason they're not an investment is because they're non productive assets. They don't create additional value. But, they're appreciating assets with compounding cashflows which is better than most passive options.
I don't see it. Supply and demand drastically favor sellers for the foreseeable future. This could change but would take time. Consult a tax advisor but imo depreciating a property with the IRS does not lower basis. Only things such as insurance payouts or the sale of partial lots do.
Can confirm. Got a quote for 30% down even with 800+ credit. They also are assessing homes at -10% sale value so they can lock in equity.
Cash will be obliterated by hyperinflation
Like 6 mo. I don't think we see systemic deflation until it all hyperinflates
Reference the Russian rubel. Also, what's happening to gold right now is more interesting to me than oil. You've got all the western financial institutions going all in to try to crush gold prices.
Should be gone by now.
Squatting a house with the right tribe might have to become a viable option. Treat these houses owned by Blackrock as public property. Neighbors should have your back since you're better than an illiterate pack of government funded Somali degenerates. Houses are terrible investments unless they are actively being rented because of deterioration, maintenance, taxes, and risk of disaster - like fire or angry packs of upset citizenry armed with baseball bats. I don't think we're there yet, just speculating a possible timeline.