Is real estate a scam?
Many people have argued that it is. Many close people making intelligent argument have said that to me.
I don't think so. It is usually an appreciating asset.
I have a close friend, who before the age of 40 has successfully retired from full time work. Her secret - Real Estate.
Watch this interesting video where two people debate if real estate is a scam.
I think Jay won that debate.
Real estate is a hustle. It is a lot of hard work. It is a big responsibility. It is a lot of paper work. If you are dealing with tenants - you need to develop a unique form of patience.
But as a business - Real estate is here to stay.
Land as an asset is only going to be scarce and in high demand as the years go by.
I live in the DC metro area in the US.
With Amazon announcing that they are moving to Crystal City near DC, the DC area real estate is going to get even more insane.
Real estate is not a scam - at least not around the DC area.
I think it is the best type of passive income.