[freewilly1040]

Both points seem to point to real estate being a bad investment?

1) local governments have already been to tempted to squeeze revenue out of lease renewals, who knows what they’ll do in the future

2) a property tax is inevitable and unknown...

[seanmcdirmid]

True, but the main reason property is a bad bet is a way too huge property bubble. Urbanizing farmers aren’t going to save the day and pay you $1 million for your extra 75 sqm apartment.