Collect rent and bank interest

Mondo Finance Updated on 2024-01-31

At the beginning of 2021, we bought a 100-square-meter house from Tianjin, paid the full amount of more than 1.3 million, a first-hand house, and sent medium decoration. After I bought it, I rented it out, because I don't usually live in Tianjin, and I can't take care of the house, so I would rather have a lower rent and find a tenant who makes me feel more at ease. At that time, it was rented to a family of three through an intermediary, with a monthly rent of 2,000 yuan, and until now, they have lived in our house for two and a half years, charging a total of 60,000 yuan in rent. In recent years, housing prices have not fluctuated much, and it seems to have dropped slightly, some people say that it is not suitable for us to buy a house back then, so it is better to put the money in the bank to collect interest. The bank interest should be slightly greater than the rent I charge, so it must make sense, but no one can predict the future, housing prices always go up and down, everyone wants to be at the lowest point, but who can accurately judge the lowest point, we are just ordinary people, not at the high point**, it's good, anyway, I think so. We spent more than 1.3 million **, and in a community, someone spent 2 million ** for the same house, which is quite suitable compared to what we bought. In the past two years, the global economy has been in recession, and housing prices are not good, so I plan to rent it all the time, after all, it is a house in Tianjin, next to the subway entrance, if the house price picks up in any year, I can sell, if the money has been lying in the bank to collect interest, then all I can get is interest, interest is not able to beat inflation, economists have long pointed out that it is not wise to hold cash for a long time.

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