As someone who bought a house a few years ago and has since watched it drop in value faster than an athlete who just lost an leg, I am well aware that the property market is really struggling, and is set to continue to do so.
So this begs the question: If property is no longer the solid investment that it used to be, could websites be the new boys in town?
There are of course, many factors at play, but I was recently looking at an apartment in a tourist area in Europe, it cost $200,000
I am told that I could rent that out and if I do it right, I could cover my mortgage.
In other words, I could break even.
Now, on the other hand, I could purchase a large entertainment website which also can be bought for $200,000
However, this site is making $7,000 profit per month.
Let’s assume the mortgage on the apartment is $700 per month, and the re-payments to finance the website are $1,000 per month, that is still a $6,000 per month advantage to the website.
I would love your opinions on this, considering the current climate, if you had to choose, would you rather invest your money into property, or into a website?