The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agoWhat would you have done?lemmy.worldimagemessage-square29linkfedilinkarrow-up10arrow-down10
arrow-up10arrow-down1imageWhat would you have done?lemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 1 month agomessage-square29linkfedilink
minus-squareIlovethebomb@sh.itjust.workslinkfedilinkEnglisharrow-up0arrow-down1·1 month agoPaying rates, insurance, taxes, and maintenance on an empty property isn’t an investment, it’s a liability. This is almost certainly a myth, and I don’t know why so many people believe it.
minus-squaresupamanc@lemmy.worldlinkfedilinkEnglisharrow-up1·1 month agoBecause when you sit on that property for 3 - 5 yrs, doing thenbare minimum to keep it functioning, you can then sell it for 20-30% more. You don’t have to anything.
Paying rates, insurance, taxes, and maintenance on an empty property isn’t an investment, it’s a liability.
This is almost certainly a myth, and I don’t know why so many people believe it.
Because when you sit on that property for 3 - 5 yrs, doing thenbare minimum to keep it functioning, you can then sell it for 20-30% more. You don’t have to anything.