Don’t buy something meant to be used and insist you must make a profit for not using it. Rent it out at least.
Comment on Scalper economy
211@sopuli.xyz 3 weeks ago“Sold it for a much higher price without ever using or modifying it.” Proper upkeep over several years counts as “modifying it” IMHO.
zea_64@lemmy.blahaj.zone 2 weeks ago
211@sopuli.xyz 2 weeks ago
Yea, absolutely, hence the approximated 4-6% return on investment - some years more, some years negative.
There is this apartment that I’ve been eyeing for a while, and I’ve seriously considered becoming one of those loathed landlords myself. Feels like trying to do right by the apartment and by a tenant would be putting out more good to the world than a passive stock fund, you know? So been reading up on it quite a bit lately.
bunchberry@lemmy.world 3 weeks ago
You can indeed make money by selling it at a higher price without ever using or modifying it, and even if you do use or modify it, profits from the sale still come directly from not using or modifying it.