Ask HN: Where can I live off 1k USD per month?

Re:Ask HN: Where can I live off 1k USD per month? by flemhans on Thursday August 26, 2021 @03:28PM (#28319454)

Still, why not pay 10% more and own the building? You could still get the money back (and hopefully more) when you sell it again.

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Re:Ask HN: Where can I live off 1k USD per month? by bigthymer on Thursday August 26, 2021 @03:41PM (#28319613)

I'd imagine transaction costs on real estate are high...maybe even approaching 10%.

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Re:Ask HN: Where can I live off 1k USD per month? by phonebanshee on Thursday August 26, 2021 @03:54PM (#28319784)

Or potentially a lot less. The idea that real estate always goes up doesn't match reality.

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Re:Ask HN: Where can I live off 1k USD per month? by lolsal on Thursday August 26, 2021 @04:00PM (#28319852)

Transaction costs, taxes, maintenance, interest opportunity cost, etc. all of the same reasons that it might be cheaper to rent in the USA than buy.

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Re:Ask HN: Where can I live off 1k USD per month? by tannhauser23 on Thursday August 26, 2021 @04:56PM (#28320619)

Owner might not want to sell?

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