Replying to Avatar Lau

Buying a house is the most irrational and expensive payment most people make. But it can be done so that it is profitable. You just need to leave your emotions behind and be patient. Luckily we now have bitcoin and people don't need to make this decision, but those who still invest in real estate now are just fooling themselves.
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El Tio 2y ago

I think it might have something to do with where you live as well.

Here in Argentina a house where you can have your family it’s about 150.000 USD. And a rent of the very same house is about 150.000 pesos a month (389 USD).

If you spend 150.000 USD in a house you have to pay taxes every month, and pay one time a year another tax called “bienes personales”. You might even be elected to pay “renta presunta” that we don’t know even what it is.

So, you put 150.000 USD in a loan that only pays you the inflation (around 8%). That’s about 1000 USD per month. You rent the house and keep the other 600 USD to live. There is no logic reason to buy property in Argentina. And I’m not even counting the risks of the state robbing you that property in the name of the poor

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