• 13 Posts
  • 524 Comments
Joined 11 months ago
cake
Cake day: October 13th, 2023

help-circle










  • Well debate about wether taxes are good or not are a whole another discussion. I live in a wellfare state myself so I don’t mind the relatively high taxes I’m paying because I’ve benefited from what the government spends it on my whole life and continue to benefit in the future as well, not to even mention the people less fortunate than me.

    If you’re broke, disabled and unable to provide for yourself the government will provide you with an apartment and money for food. 200€ a year is pennies compared to the benefits people like this are receiving.




  • But what does it matter if the value of your stocks drop in a market crash? Assumeably you’re in it for the long run so you can always just wait for them to go back up before selling. Even if a property might hold it’s value better during a crash, which is not guranteed either, that would still be irrelevant unless you intend to sell the house, which again would be difficult during a market crash. If you want something that holds it’s value that you can liquidate at any time then perhaps you should buy gold instead.

    If you’re invested into something such as S&P 500 and something happens which causes a significant number of those companies to go out of business at once, then we’re talking about an extremely rare world wide event that’ll effect your investments no matter what they’re tied into. Keep in mind that the ~7% yearly average growth of the stock market includes events such as both world wars.



  • And just investing in stocks means I won’t have a diversified portfolio that could resist a financial crash as much as real estate can.

    That’s nonsense. A house would be equally difficult to liquidate in a financial crash than stocks would. Probably even more so. If you have a diversified portfolio and enough savings so that you don’t need to touch your investments then you’ll handle crashes like that just fine. The stock market has always bounced back up. Always.

    I’m someone who believes landlording is immoral

    Wouldn’t that then mean that there would be no rental apartments available and everyone would be forced to take a loan and buy a home? To me this kind of thinking is just the opposite far end of the spectrum where as what is optimal is likely somewhere in the middle as is the case with most things.