Duamerthrax@lemmy.world 1 week ago
The only exceptions I can think of are people renting out the other side of their two family house, people living outside their country for a few years, or farmers renting out houses that were already in their property.
None of these started as investments, but rather unique circumstances. I have some queer friends who are moving out of the country for a few years because of Trump, but don’t want to commit to immigration quite yet.
kipo@lemm.ee 1 week ago
Encourage your friends to commit to leaving if they have the means to do so. Within your friends’ lifetimes, the USA will never get better than it is right now (and overall it’s unprecedentedly bad right now).
To OP’s question: I don’t really consider your Aunt’s ownership of a few houses to be a practical problem. She was told her whole life that investing in real estate is a smart thing to do and provides financial security.
The problem is with lack of regulations, such as how many buildings someone is allowed to own, corporate ownership, rent prices…things like that.
Duamerthrax@lemmy.world 1 week ago
My friends don’t need encouragement and are grown adults. I don’t tell other people how to live.
Even if they don’t end up coming back, having a bit of passive income from renting out their house will help the with the move.