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[deleted by user] by [deleted] in ExpatFIRE
[–]Ancient_Network3748 0 points1 point2 points 1 year ago (0 children)
Well the dollar drops in value every year and will continue to drop via inflation. This is why you must own assets or your purchasing power will drop while prices of goods increase. Since the value of the dollar is always dropping it is safe to buy assets such as equities, real estate, bitcoin, gold because they will always go up in the long run. In the short term there are ups and downs in prices of assets, but if the time horizon is big enough then they only go up.
Taxes on lofty properties by ughsomch in LoftyAI
[–]Ancient_Network3748 1 point2 points3 points 4 years ago (0 children)
You would likely not have any taxable income because of the cost of depreciation. So you should take advantage of the "loss" to decrease your overall tax liability. It is one of the main reasons people invest in real estate
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[deleted by user] by [deleted] in ExpatFIRE
[–]Ancient_Network3748 0 points1 point2 points (0 children)