this post was submitted on 02 Oct 2023
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I'm on your side mostly but the property prices going up in those 30 years would net you a fortune alone. You could likely sell it as is and triple your money
Wouldn't that depend a lot on the area?
Well yes it would but not entirely.
The old saying 'buy land because they aren't making anymore of it' is true. As the world population grows, owning large amounts of land will be scarcer and scarcer. Most young people can't afford a home in any western nation across the world and it'll only get worse the world over as time goes on and the population continues to grow.
Some areas are losing a lot of their value. Waiting for population growth to fix that is playing the really long game