I own 11 apartments across Manila, Bali and Dubai. All bought in cash since 2019.
7 years in, my verdict: real estate is a terrible investment, and I'd be richer and calmer if I had clicked "buy" on an index fund once in 2019.
Here are the actual numbers, unit by unit.
@xoshiLads@Rhynotic What's clear is that there currently is close to Zero interest to spin so focus should be on solving it
Pumping burn rate was a terrible decision in retrospect
@hispanicnomad@lassipaapi You can't even compare those.
It's literally comparing 2 villages to a never sleeping 24/7 metropolis
But yes Dubai might not be for everybody but that's ok
Meh
US is only country where you have to renounce to be tax free. Which is big step. obviously if you are a sane individual you'd renounce & move in a heartbeat but US has quite nice patriotic propaganda to keep people in
I think you can way better make your point for any other western high tax country where people could just take ONE 4 hour flight and be tax free but they still decide to slave away for their country BC muh "I was born here, my family is here"