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.
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
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.