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0 sats \ 1 reply \ @BBitcoinUSA 21 Aug 2023 \ on: Real estate or Bitcoin? bitcoin
You pay 1-2% per year on property taxes while owning the real estate, plus maintenance & upkeep over the life of ownership in most cases, 6% to the broker when you sell it, and capital gains % on whatever portion you don't roll into another real estate property. This doesn't sound like a great deal. But they let you deduct mortgage interest on your tax returns, obviously, because this not only incentives people to buy real estate with debt but also manipulates the market in such a way that that you don't even have a choice.
You know, we don't have it quite like you do in the United States. In fact, not at all. First of all, we don't have a property tax. They are trying to introduce it, but they haven't yet. For example, there is a fee for apartments larger than 60 square meters (if I'm not mistaken). But this fee is very small. Secondly, we usually sell and buy directly, without brokers. Although, of course, we pay money to the country's budget. And our real estate prices are ridiculous (compared to the EU or the US). The problem is that there is a terrible war going on. Hundreds of thousands of people have been left without housing. In general, I now look at real estate more as a problem. It's hard to sell, as if it's a forgotten token from 2015. I hope the situation will improve
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