Abracadabra
Jan 29, 2021

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Thanks. Before WWI, most wealthy people put their fortune 50/50 in properties and government bond. After WWII, they moved to stock. In my opinion, very few every get rich by investing in real estate. But it's a very popular way to store wealth in the past, and still most popular among middle class.

I will explain why it's an inferior idea to invest in property in the future. In a nutshell, the disadvantages include:

* Inflexible tax

* Risk from leverage

* Fragile to shocks like COVID-19

* Bigger maintaining cost

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Abracadabra
Abracadabra

Written by Abracadabra

“Writing in essence is rewriting”

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