Re:U.S. Will Track Secret Buyers of Luxury Real Estate
by hueving on Monday January 18, 2016 @12:36AM
(#10922711)
The major thing that is special about real estate investment is that you can live in it. If I could live inside of Google stock and it would eliminate my need to pay rent, then sure, equities are just as good.
[ Parent
| on HN ]
Re:U.S. Will Track Secret Buyers of Luxury Real Estate
by yummyfajitas on Monday January 18, 2016 @01:40AM
(#10922925)
If you invest in equities and get a revenue stream that pays rent, you can "live in it". The only advantage to real estate is that the revenue stream is tax subsidized.
This is fixable in multiple ways; start taxing imputed rent (tolerable) or stop taxing capital income (far better).
Re:U.S. Will Track Secret Buyers of Luxury Real Estate
by hueving on Thursday January 21, 2016 @05:02AM
(#10944289)
Because returns on equities are stable enough for rent. /s
Have you seen what happened since the year started?
If you're thinking of dividends, just for 1k/mo apt you need to have 400k worth of a 3% yielding stock. 400k in a normal us housing market gets you much better than the 1k rent.