100 percent correct, but that is not possible with this generation. Also I cringe at my friends into trying to gaslight me after I told them about my plan to mass buy freehold land in the countryside to add on to what my Granddad has given us.
My Dad has a shit ton of passive income from various properties and though I hate his guts I can't lie he has made the correct decision over investing it into something gay like stocks.
For example, bought some semi-detached lots in Johor, the city that borders Singapore. New development area is about 1 hour away from Singapore.
Bought for about 280k RM ( 55,991.32 EUR ) and then now they are worth about 650K RM in ~1 decade. ( 129,977.87 ).
From passive income alone from his assets he can easily earn close to 10k RM a month ( 2k euro ) a month witch might seem like a little to you guys but is actually a lot here. You can get by a very lavish life with just 2k a month here.
Of course my generation is utterly fucked. If I want to buy residential land in even a suburb, god will it be fucking expensive for a decent place. Agricultural land is easier ( i surveyed ) but it will not appreciate as much as residential + to grow anything you actually need to sink a decent amount of money into terraforming, plant saplings, fertilizer, defensive measures against boars and other animals etc. ( First hand knowledge from again my Dad acquiring some agricultural land )
Heh, the trend for zoomies like me is slave away and be happy with a shitty apartment ( that you still can't afford without a loan ) in the capital