Yeah there's a bunch of that location-dependent thing. Hopeless
My pal, balls-deep into property ownership and investing, recently told me plenty of apartments in London — hottest property market there is, aight, can't go wrong — are selling for less now than 5-10 years ago.
Change in buyers' taste and market structure/macro etc can just rug you. You thought you were just parking cash in a real-return guaranteed asset and you end up having a part-time job repairing things and forecasting the local labor market.
Yeah there's a bunch of that location-dependent thing. Hopeless
My pal, balls-deep into property ownership and investing, recently told me plenty of apartments in London — hottest property market there is, aight, can't go wrong — are selling for less now than 5-10 years ago.
Change in buyers' taste and market structure/macro etc can just rug you. You thought you were just parking cash in a real-return guaranteed asset and you end up having a part-time job repairing things and forecasting the local labor market.