/biz/ - Business & Finance

Anons im planning to buy a two-family house with my family for 200.000-250.000
With a credit (monthly pay about 800)
And Plan to rent each side of the house for 700 each so 1400
Is it worth it?

Is it a good time to buy real state?
Im from Argentina (fucked) but if the current government loses next elections in 2023, which everything indicates they will, the country may start to normalize itself.
Even though the average salary is like 300 dollars a month here, all properties are in US dollars and you buy them at the same price than anywhere in the world, you wont get shit in big cities for less than 200k dollars.
Now due to recurring crisis the prices are starting to drop a bit. Is it time to buy properties? I could affor to buy something, I want opinions.

can we talk about how shit residential real estate is an ""investment""

I feel like the only reason people see it as anything but shit is because of boomers and white trash blue collar non-tradesperson types(think, mechanic, flooring installers, walmart associates) who think they're rich for renting our their second 45k home to other white trash

let's look at the facts

>homes themselves are a depreciating asset
>need constant maintenance which costs thousands and sometimes requires specialty tradespersons to work on
>homes only go up on average 5% per year which is literally less than the stock market as a whole
>extremely illiquid asset
>12% realtor commission fees + tip when you want to sell

Yeah outside of a few exceptions like the bay area(the exception does not define the rule) you are literally better off just buying stocks which are 1000% more liquid of an asset(can be sold instantly), have higher returns, and don't fuck you with sellers fees. on top of that now that the fed is pumping stocks its just free money at this point

prove me wrong