• @Duamerthrax@lemmy.world
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    43 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.

    • @GreenKnight23@lemmy.world
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      22 hours ago

      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.