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An asset on land you own will always appreciate more than a cell in a building you are beholden to the owners/hoa of.
this post was submitted on 15 Oct 2024
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It's not entirely cut and dry, your money in a stock market index fund tends to keep pace with property appreciation when accounting for maintenance costs and property taxes. But you would be insulated from skyrocketing rents.
I'd rather be poor than have to listen to my neighbor fart, like that dystopian place on the right.
I never hear my neighbors in my apartment. I'm also living close enough to bike or take transit everywhere I want to go, and spending less overall on housing thanks to being part of a very well run apartment cooperative. I also get to skip out on the major hassle of having to maintain everything in the building I own myself.
There's even a gym in the building which costs a rounding error per year to be a part of.
You must aspire to live in space then, huh?
Royce du Pont