@Usernameblankface@lemmy.world to Ask Lemmy@lemmy.world • 19 hours agowhat advice was great when you first heard it, but has aged like milk since then?message-square125arrow-up193arrow-down11
arrow-up192arrow-down1message-squarewhat advice was great when you first heard it, but has aged like milk since then?@Usernameblankface@lemmy.world to Ask Lemmy@lemmy.world • 19 hours agomessage-square125
minus-square@Duamerthrax@lemmy.worldlinkfedilink4•3 hours ago~2004. My highschool civics teacher told the class that real estate was always a good investment because it only went up. I didn’t really trust him at the time though.
minus-square@GreenKnight23@lemmy.worldlinkfedilink2•2 hours agohe was a terrible teacher. the wealthy have always considered real estate to be a liability that requires constant upkeep. they are money pits. this is why they truly own nothing but physical assets(gold, paintings,etc) and leverage any liquidity on acquiring assets.
~2004. My highschool civics teacher told the class that real estate was always a good investment because it only went up. I didn’t really trust him at the time though.
he was a terrible teacher.
the wealthy have always considered real estate to be a liability that requires constant upkeep. they are money pits.
this is why they truly own nothing but physical assets(gold, paintings,etc) and leverage any liquidity on acquiring assets.