It’s a terrible investment for many. However the government has made a holy war against tiny houses/high density and anything which costs less than 500k, because tax revenue and vested interests.
I’d say that upkeep and taxes on a house will be much greater than the management fees on a similar investment. In addition you have to deal with multiple government agencies (health dept, municipal tax dept) if you want to continue to live in or sell your house.
Much of the new houses I see being built are prefab hardeeboard which will look atrocious well before the mortgage is paid off.
We should really just get 3D printed high-density concrete houses down and be done with it. This is a solvable problem but everyone with the 1.2mm loan will freak out when you can get a better quality apartment that won’t rot for 200k.
I’d say that upkeep and taxes on a house will be much greater than the management fees on a similar investment. In addition you have to deal with multiple government agencies (health dept, municipal tax dept) if you want to continue to live in or sell your house.
Much of the new houses I see being built are prefab hardeeboard which will look atrocious well before the mortgage is paid off.
We should really just get 3D printed high-density concrete houses down and be done with it. This is a solvable problem but everyone with the 1.2mm loan will freak out when you can get a better quality apartment that won’t rot for 200k.