My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons.
1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go down in real terms
2) It is a fixed asset that is easy to tax, which limits its impacts on your ability to diversify
3) Real estate is nailed down, so investing in it makes it more difficult to move money from one place to another
That’s my view, in a nutshell. I’m curious to hear if you agree.
#GovernmentDebt #debt #principles
Here are Manny Ramirez’ 162 game averages
•39 home runs
•129 rbi
•.312 batting average
•.996 OPS
•Finished top 20 for MVP 12x, 9 of those are top 10 and 4 of those are top 5