See also hi-risk-hi-INCOME: my chosen assets

My cohort in U.S., SG, China have low passive income. Very few are envious of the passive income streams because

1. most of them aim at windfall not current income
2. most of them usually buy (sizable) properties on loan, eroding rental yield
3. most of them only buy residential properties, with lower GRY, and worse haircut.
4. some buy China residential properties or SG condos … lower GRY
5. some buy U.S. residential properties (tax) but rent to a single family
6. most of them do not fancy dividend stocks. Remember Tanko, Kun, AshS
7. Last but not least — most avoid credit risk. These peers stay (far) away from those credit risks as if they were drugs. These peers are Never serious when they consider these investments as the credibility of the counter-party is highly questionable to them… Fear of unknown:

• overseas properties built by lesser-known developers
• Energy12
• Jill’s Germany and Brazilian projects
• Jill’s AsiaProperty
• —- Instead, my peers mostly invest in traditional or mainstream assets to generate (relative low) passive incomes
• dividend stocks
• REITs
• bonds
• local rental properties

(1st turning point) when I receive the key to a fully constructed unit, these peers have some “regret” as they overestimated the credit risks.

(2nd turning point) When I start receiving rental income, these peers have more “regret” because another credit risk concern subsides.

However, when I experienced excessive, hopeless delays in Majestic Village and BGC, these peers have some “vindication”, because they can see “Victor underestimated the credit risks.”

So, given the credit risk, I don’t think there would be a lot of envy. Another reason is, my passive income assets show sluggish, uninspiring appreciation.