Quote:
Originally Posted by mousquet
I guess it could be a long-run investment that would eventually make some money for you, but it would require patience or even a bit of passion.
Sometimes, things are not just money. If you don't love them, it doesn't work.
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Exactly the point. Nowadays, I would like to diversify a bit, and what I would like is a city of a certain size that values its heritage and that appeals to me, where I'd actually enjoy what I'd be doing (and not feel like rehabbing something old is a waste because everyone else in the area is just razing and developing.)
Real estate here at home is "work", but I've had real estate for a decade now in Florida and it's always been a treat to go there, "working" over there feels like a vacation. So based on that experience, it's not unreasonable to consider trading a bit of my hometown real estate for something in a location I'd enjoy visiting regularly, especially if it's a decently sound investment.
The other candidate is New Orleans but I don't like the threat of hurricanes.