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Notes -
True re. housing as asset; but not for me. I'm different in that the property I [the greater family investment pool] own is across several countries and is in desirable locations that will remain desirable even in the 85% worst case climate change scenario; and we don't actually rent most of it out. It mainly gets used by members of the pool or lent to people we know in exchange for other services or for adhoc payments; lets us avoid tenants rights or squatters rights situations by not being landlords or absentee assholes; and it's better for out karma. It doesn't scale, but we don't want it to.
Actually owning property for rent as a small time investor is a fucking pain and half; even more so if you don't live in the same building. Much easier if you have lawyers on call and float a huge amount of money than owning 2.5 rental units 600 miles apart.
I've actually managed to avoid the pitfalls of getting fucked by tradies by being a former tradie myself; but it is precarious.
That's fair, although it sounds less like One Weird Trick and more that you've got a Very Particular Set Of Skills. Which still says something, but it's something different.
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