As always, it depends on many factors. A few things I find noteworthy:
- Assuming you financed with a fixed rate: rent would go up while credit costs remain stable. Good for your cash flow in the long run.
- If played well, real estate can be a way to finance further bitcoin purchases. Good for your bitcoin stack.
- Quality of life is much higher when you own the place you live. Good for your productivity.
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We are also an asset, so it becomes important to be able to vote with your feet and move if the environment you are in is too expensive for your needs and/or unhealthy for your growth. I think we see this benefit in remote workers.
Rent will go up, so will property tax, insurance, maintenance, management etc.(this is mostly why rent goes up). It's good for building wealth, not income. Only once you've paid off the mortgages or if you have many, many properties, will you realize "income".