Quote:
Originally Posted by Jibartik
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Im not sure what you mean by that.
But what Im talking about doing would help most people buy a home.
1 company in china owns 20,000 homes.
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I was just mentioning that even before the housing boom, if you had a house paid off completely, you always had a good amount of capital to then make money with
You could rent the home out, assuming you could live somewhere else like with a relative. Or you could just sell the house and buy a store. I looked into buying a business franchise, and it’s not as expensive as you’d think, a lot of stores cost around $100k. So you could own your own subway restaurant. Even after paying a small staff, you could probably earn enough money with that store to comfortably live on, especially if you were living with a relative
So all this “making money in real estate” can also just mean saving up a shitload of money and then putting that money into some business venture. You just save the money by paying off your house while living in it
But yes there is a problem when the prices of homes get out of reach for people with middle class incomes to afford them. And I do think big investment firms buying up all the houses is the problem