Comment by shaewest
4 days ago
Oh I don't disagree, I hate real estate as an investment, it's a terrible asset only made "viable" by tax benefits, rent-replacement and excessive amounts of risk via leverage.
4 days ago
Oh I don't disagree, I hate real estate as an investment, it's a terrible asset only made "viable" by tax benefits, rent-replacement and excessive amounts of risk via leverage.
What is "rent-replacement"? I never heard that term before. I cannot find anything obvious using Google search.
It's my shortcut for describing the idea that you'd spend $X a month on either interest lost to a bank or rent lost to a landlord, and therefore you can mostly consider that a constant expense when considering rent versus mortgage.