"Most millionaires I know made more money from owning real estate than any other investment. Real estate consistently increases in value over time and outperforms other investments.
Plus, it isn't as vulnerable to short-term fluctuations as the stock market. You get a tangible, usable asset, whether you're renting out an apartment or commercial building for income or buying a home. And there can also be tax benefits for investment properties. It's always a good time to buy real estate. In fact, the real wealth is made by buying when everyone else is selling and vice versa. While many are talking about a recession, the market is strong, with increasing prices and transactions.
Renting a one-bedroom apartment can cost $5,000 a month in certain neighborhoods today, yet you can buy a $1 million house with just $4,000 a month in mortgage payments. And the rate is fixed for 30 years — the best kind of rent control. So why would you rent? Besides, if you rent your property to someone else, you can cover your mortgage or better."
MakeIt More inflationary articles trying to boost asset prices when risks and prices are near all time highs. Don’t bite the bait folks. They want you to prop the market and hold the bag.
MakeIt Millionaires & Billionaires said so because they have bought many properties at bubble prices which they now wanna sell.
MakeIt Eat. The. Rich!
MakeIt Well someone has to buy from them, at the high prices they are selling at.
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MakeIt it is suitable for millionaires because it is capital intensive...for people who are starting out it's a bit tricky!
MakeIt Millionaires say...... Got it.
MakeIt it's not a risk if you got what it takes
MakeIt I have 2 ideas for elonmusk that involve Tesla solarcity boringcompany and Hyperloop. One involves real estate. I’ll put all profits into more ideas to help battle climate change. Anyone retweet to get me heard
MakeIt NYC housing prices are near “free fall” and you telling people to invest!! Many reports agreeing recession seems closer than ever. Sales prices in NYC for properties fell 17% in Third Q, 2019 from the same Q last year!
MakeIt By “you” you mean millionaires
MakeIt What do billionaires say? Better ask them before Bernie kills them off.
MakeIt I’d avoid shore front property if I were you.
MakeIt Yes indeedie! I turned $9,900 in 1995 into $750,000 in real estate! Cool story, not enough Twitter characters. The secret scrape the cash to buy first. Choose property carefully. It takes time to appreciate-it's not a flip.
MakeIt Messages like this one foreshadow another downturn
MakeIt Buying real estate at top $$ is not. pump
MakeIt Say millionaires holding their heavy property bags 😂
MakeIt Short Real Estate!!
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