In my 40+ years of owning real estate (both individual property and family owned), I've never had the government claim eminent domain and take part in condemnation of my land/property. Even in the off chance that they ever did, they practically always provide the real estate owner with fair value compensation.
True. Then again, for someone like me, the USA is where I plan to stay for the rest of my life.
If you're looking to liquidate your assets in a bind, that can be detrimental as time could be of the essence. For me, I am a long term HODL'er of real estate.
Depends on what type of real estate you own and via what medium. I own everything from land (no real maintenance costs), indwelling units (condos & houses) and shares via REITs. Condos and houses have maintenance costs, but they are also costs I can write off against my taxes, thereby lowering my tax burden.
Depends on what you own and where you rent. If you own in a city that has high demand and rents are typically high, then getting and keeping tenants can be very simple. Additionally, if you don't like taking part in any "ongoing effort", get yourself a property manager (recommended if you own more than 5 properties at least).
On acquisition, you can typically share the tax burden between the seller/buyer (makes it easier to stomach). Ongoing property taxes is a way of life, if you earn income in this country you HAVE to pay taxes one way or another (I find ways to lower tax burden). I don't agree with the notion that you have to pay capital gains on any sale to the tune of a "massive amount". This isn't true. As an accountant, I can tell you that if you were to sell a property, I can offset every last cost of repair, most of your interests paid during holding of that asset, cost of your realtor fee and closing costs for your entire transaction. I can easily turn that 15-20% to a measly 7-9% and MOST accountants can.
This last year and a half, mortgages have been given out for practically nothing. Interest rates have been at an all time low. It's free money they're lending out. Great time to be leveraged over the last 1.5 years.
Unless God is creating more land or the oceans are receding and revealing more earth to build upon, not sure I can agree with the virtually unlimited supply.
Still, I would argue highly that when comparing apples to oranges, real estate is still an exponentially better hedge against inflation than Bitcoin.
"1"
Well, that's a very American-centric view, as opposed to the reality in most of the world. Further, if history has taught us anything, its that not to take "normality" for granted. Property makes you entirely subject to to Government intervention, theft, tax, regulation, acquisition, war, politics, monetary policy, local economy, etc, I wouldn't say property is a bad investment, but it comes with risks many under-estimate.
For the record, I have far far more net worth in property than in BTC, though not so much through private residences that I own (I do have a few places in various countries), but rather through REITs which give me global diversification, instant liquidity, and with no hassle of any maintenance etc. Still, I think BTC has it place, and will show its value when most needed, which I why I recommend everyone to become a whole-coiner whilst still possible and to have some % of portfolio allocated to BTC.
