He invested in crypto instead of property

>He invested in crypto instead of property

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Sure let me just get my non existing 50k and put it as downpayment on this property here.

>he bought property before a major depression

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10/10 cope
Pretty comfy over here in my house
How’s paying off my investments feel?

i'm a neet waiting for the crash to buy cheap
>renting is for brainlets

>buying during a property bubble

hahahaahhahahaahhaahhahahaaa

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property is already +10 years salary.
you can only get so much blood from a stone.
Crypto can spontaneously 2x over a weekend.

The absolute state of biz, he owns the second biggest real estate investment conglomerate.

COPE

Sounds like you’re a degenerate gambler but ok

>mfw waiting for returns on my property investment

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Sounds like you bought the wrong investment product but ok.

U need porpoise built product built for good rental yield in areas poised for capital growth. Imagine thinking of the property market as one entity as opposed to many small markets

I started with 3k EUR. If I had invested it in some public real estate gathering, I would have made 600 shitty EUR max in 2 years.
I put it into BTC and ETH instead. Even after a shitmarket like this, I'm still up about 1000% while having cashed out over 20k.
Yes I could have cashed out like 200k at january, but even if you're completely shit in this market, the gains you make here are not comparable to anything else.

I don’t know much about real estate in eurozone however family does own some land in Slovenia, developing estates is where most of the money in real estate is. Buy one property and sell if off 30 times

>investing in a literal second job
>after you lived through one crash and right before the next crash

he didnt buy any of it at the fucking top though dummy lmao

Either did I zoomer

Home equity increase is about 4.8% annually ASUUMING the housing market does what it did the last 10 years. That's a damn big assumption. Better off renting for cheap and sinking excess cash into index funds.

to be fair crypto is a much lower barrier of entry

>He invested in property instead of government bonds

Lottery tickets can spontaneously 1000x over a single day.

Crypto is yours if stored securely. Property can be emminent domained from at any point in time and you have zero recourse.

Oh yeah and the gov't taxes you on property kek you're basically just renting that land

not to mention most people dont just 'buy' a house but have to get a loan/mortgage and pay interest.

>be my dad
>buy house and bunch of random properties in 2003
>throw down thousands in renovations
>market crashes
>get JUSTed, verge of bankruptcy
>somehow make it out after selling half properties by the skin of his teeth
>2018
>buys another $600k house, whilst still owing $600k on his current mortgage
> says its a good "investment"
>mortgage is $3000 a month
>going to rent it to some family for $3500 a month
>what could go wrong

and that doesnt even factor in property taxes, renovations, and maintenance. Wtf is he doing?? Property taxes are $800 a month

>not buying place from family on the cheap
100k mortgage, house after diy worth 300k
easy money