this post was submitted on 12 Oct 2023
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Nope. Even setting aside rental income, the increase in property value itself has been plenty remunerative. Having the building paid off also allows one to borrow against the value of the asset, which offsets some opportunity costs.
I’m surprised people are actually arguing that real estate investors haven’t been richly rewarded enough. Ridiculous.
I don’t know where you got the idea that profiting off of land value is some exotic and untenable investment strategy, one that requires “insane risk” and “passion”. Your example of landlords being reduced to desperate concerts is very silly.
You dismiss this as “personal opinion” without explanation, but the objective fact is that land value has gone up a lot in Canada, and real estate has tons of arbitrary tax advantages (like the Smith Maneuver). This has made real estate a remunerative investment. That’s been the consensus of the domestic and international investment community, which has poured money into Canadian real estate. This is so obvious, I’m surprised I’m having to say it!
Are you responding to someone named “Rocket” by chance?
I am. What’s going on? Does it not show up that way on everyone’s account?
Nothing nefarious or anything; I blocked them a while ago and I see they’re still being an edgy contrarian and pissing people off. I had noticed a bunch of comments that seemed out of place and had a hunch it was Rocket. Haha
Yes it's very remunerative. But have you stopped to consider it could be even more so? /s