RE: Rent to own and own to rent

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Due to conventional wisdom being considered, the idea is that it is always better to be an owner, as opposed to a renter. In many asset classes, this is still true. Owning a house as a homeowner is not a bad idea. However, owning multiple properties as a business is a model that is dying. Property taxes are increasing at an alarming rate. poor service delivery also factors in. Especially, since those service fees keep rising. Compound that with tenants who have not paid rent in practically years. Profits are marginal and a waste of time considering the investment required.

Ownership of digital assets is something I am quite confident in. High growth sector, highest returns compared to any other industry, as well as holding an asset that is ultimately unceasable and not subject to borders.

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In my city, they increase the land tax every 20 or so years - some areas went up by literally 500% - it meant that older people who had lived in the area for decades had to sell, as they couldn't afford to pay. Crazy.

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What was once wisdom is fast becoming foolish. Discern, adjust, and even thrive seems to be the only approach.

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