Jan 29, 2021
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