Land is the far greatest of fraudulent perpetual monopolies. ~ Winston Churchill
As it goes, and speaking as a guy with 30 odd years of banking under his belt, in the long term, financially, your beach home / house / apartment is worth less than nothing.
You may say that it’s been valued at $1,350,000 but what does that actually mean?
It means that if you sell the place, then that’s what you’ll get. Less all the bloodsucking bankers, lawyers, and realtors fees.
You’ll probably plough the $1,350,000 into a bigger place that’s notionally worth $1,450,000. And, in human terms that new place is worth even less than nothing. You will work much harder to keep it.
All you are doing is paying rent, and working harder to keep the place….. And, then you’ll die.
The only way your $1,500,000 place is worth anything at all to you is if you sell up and live in a van.
Real Estate is all about cost. Look at your monthly / annual bills and you will see that your house is costing you a fucking fortune. Any bum can have 80% of what you have for nothing. Trust me, I know, I’ve been there.
Any First Nations elder will tell you that property is expensive theft.
Banking and the real estate industry is built on the notion that your property is intrinsically worth something, and it isn’t. You can’t take it with you, and when the next Big One comes it won’t even be there.
But, even though I know that the Wizard is a fraud, I will never persuade you.
For the truth means you have too much to lose.
I thought about a school bus once,
but then I’d want a woman to share it with me,