Quote:
Originally Posted by crucifissio
the problem with negative gearing is that 30 years, in your example, is a lot of time and the prices of real estate and rent in the USA are already a joke...you are heavily betting that your current 20 trillion $ debt, your 4.6 trillion deficit towards pensions, 10 further trillion debt that just trump will make and your #1 growing industry: debt, will not come due....
what happens if your economy tanks and renters cant pay the say 2000$ rent?...you can not dismiss the very real possibility that the debt will come due...guess what the banks will do with your shit?
the real estate racket/balloon, the medical insurance racket/scam and the taxes on the middle class and poor are only going UP....I hope your renters pay off them properties soon...
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So I guess you're like tommy sitting in the desert with a plastic boat waiting for the rain? lol
If the economy crashes you can rest your beating heart my properties will still be rented. Like I said, barring a nuclear holocaust is the only way I lose.