Hacker News new | ask | show | jobs
by shortcake27 1140 days ago
I mean yeah, renting is cheaper from a cashflow perspective. But you don’t end up with a multi-million dollar asset in 30 years.
1 comments

If you keep investing in something like multi-family realestate you should easily have well over a million in assets after 30 years.

These assets would be generating cash flow, but you could sell them for a lump sum if you are OK with all the taxes.

Selling and buying another property allows you to do it without incurring such taxes.