Maybe it is different elsewhere but according to my calculations, renting property is not very profitable. Investing in stocks is better if you only want to make money and do not care about the apartment otherwise.
You can’t easily get your money out of the property and if loan rates go up, you pay more and the property value goes down.
The real parasite is the bank who takes a cut but has little risk as the money it lends out is created from thin air.
Maybe it is different elsewhere but according to my calculations, renting property is not very profitable. Investing in stocks is better if you only want to make money and do not care about the apartment otherwise.
You can’t easily get your money out of the property and if loan rates go up, you pay more and the property value goes down.
The real parasite is the bank who takes a cut but has little risk as the money it lends out is created from thin air.
Even if your costs only break even, you’re building equity
Often the difference in profitability is whether you pay for a property manager or do the work yourself
I know a couple people who did it and made money, fwiw. They gave up so they didn’t have to deal with people