• Ilovethebomb@sh.itjust.works
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    1 month ago

    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.

    • supamanc@lemmy.world
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      1 month ago

      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.