not for the return on investment from rent relative to property prices, but for the property's ability to hedge against inflation. Rent is just an added benefit, like interest.
Therefore, analyzing the idea of "how long it takes to earn back the house through rent" is incorrect when applied to these landlords. For them, the house is another form of asset storage, and it also provides some cash flow to cover daily expenses.
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Most landlords buy properties to collect rent,
not for the return on investment from rent relative to property prices,
but for the property's ability to hedge against inflation.
Rent is just an added benefit, like interest.
Therefore, analyzing the idea of "how long it takes to earn back the house through rent"
is incorrect when applied to these landlords.
For them,
the house is another form of asset storage,
and it also provides some cash flow to cover daily expenses.