alt Hacker NewsYou cannot have real estate as an investment (sometimes the only one without capital gains tax), and simultaneously people living around and hanging out. Investment real estate pushes permanent inhabitants out.
You cannot have real estate as an investment (sometimes the only one without capital gains tax), and simultaneously people living around and hanging out. Investment real estate pushes permanent inhabitants out.
This is incredibly wrong.
Investment real estate has traditionally been a way for individuals and small landlords to build wealth over time. More recently, governments have decided that they want to add tons and tons of regulations to rentals, making it impossible for small landlords to continue to make a profit. Hence, they sell to big landlords who are impossible for tenants to deal with.