/biz/ - Business & Finance

I'm a Jew and this is goyim bait

>>12369878
we're whiter than you, Cletus

Why do I hear everyone talk about Real Estate as THE way to gain wealth. I think its the worst way to get rich-

>dealing with shitty tenants, you become their bitch in dealing with their tiny problems, hiring someone to manage it for you is 10% of the rent
>property taxes, strata fees on top of that mortgage
>often the rent you charge is not enough to cover all the costs so you become a pay pig to your tenant
>Often need to wait 8+ years for the value to increase enough to make a profit
>value is not guaranteed to increase, especially if one of your tenants do something like, hang himself or blows out his brains. you're fucked.
>If you want to sell it, you need to pay taxes on the gains that you make and is a long arduous process that takes 1/2 a year to process along with many other fees.

Why the fuck to people keep talking about Real Estate then? Why not just invest in stocks, bonds and mutual funds?