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A comment on Wave of US labor unrest could see tens of thousands on strike within weeks. Parent comment

Re:Wave of US labor unrest could see tens of thousands on st... by WalterBright on Saturday October 02, 2021 @12:54AM (#28726069)
Vacant real estate can be quite a drain on your money. Vacant houses, for example, attract squatters, thieves and vandals. They still cost property taxes, insurance, upkeep, and your time.
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Re:Wave of US labor unrest could see tens of thousands on st... by onion2k on Saturday October 02, 2021 @06:04AM (#28727418)
If you buy a $5m house in a place where the property prices double in 10 years (eg some parts of London), it can still be worthwhile no matter what else happens.
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Re:Wave of US labor unrest could see tens of thousands on st... by WalterBright on Saturday October 02, 2021 @02:10PM (#28730665)
It's even more worthwhile to collect rent on it for 10 years. How much rent can you accrue in 10 years on a posh $5m house?

A price doubling in 10 years is only a 7% rate of return, which is below what the stock market in the US averages.

(Prices may double, but you've got inflation, taxes, insurance, vandalism, theft, maintenance expenses, and non-trivial amounts of your time in the meantime. None of this is free.)

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