Kak
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I’m on the rent side of this argument. Mostly from the standpoint that if you own a company, real estate isn’t your business, your operations are. I enjoy the flexibility of being able to upgrade easily add, or change facilities as the business needs change.
Yes, real estate is valuable, yes it could prove to be a good investment, I understand all of that. I guess I just compartmentalize the two of them. I believe the right real estate to be a great investment, but “investment right,” and our needs as entrepreneurs often don’t line up perfectly.
I know it’s popular for some to say “renting is wasting money” or “you don’t get anything for your money.” I don’t buy that. You get contractual control of a place to operate your business out of.
You are also more protected while leasing than you might think you are. My understanding is that it’s pretty tough for a new owner to just “tear up” your ongoing lease when you’re meeting your contractual obligations to remain in the property.
Yes, real estate is valuable, yes it could prove to be a good investment, I understand all of that. I guess I just compartmentalize the two of them. I believe the right real estate to be a great investment, but “investment right,” and our needs as entrepreneurs often don’t line up perfectly.
I know it’s popular for some to say “renting is wasting money” or “you don’t get anything for your money.” I don’t buy that. You get contractual control of a place to operate your business out of.
You are also more protected while leasing than you might think you are. My understanding is that it’s pretty tough for a new owner to just “tear up” your ongoing lease when you’re meeting your contractual obligations to remain in the property.
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