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by balderdash
636 days ago
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Not really.
They are cheaper in nominal dollar terms (capital, annual costs, etc) but you are typically paying multiples of that intrinsic value of the property (e.g. 2 weeks $100K up front, $5k year, but for a property that might be $1m not $2.4m and definitely doesn’t cost $120k a year to maintain) plus you get no appreciation upside, no tax benefits etc… |
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