read this ppl - perfect explanation

“Buy a house, build your wealth.”

While this mantra may just be as old as civilization itself, the problem lies in the fact that no one exactly knows in which place the most profitable wealth will be. Could it be a house in your old neighborhood, or maybe one of those exciting hotspots by the beach that you keep reading about? But then, the spectre of the housing bubble in 2007 and the foreclosures that eventually followed by devaluation of housing-related securities continues to rattle its chains. Infamously known as the subprime mortgage crisis, the global financial market was shaken to its core when homeowners defaulted on mortgage payments because their house was no longer worth the mortgage they are paying.

https://medium.com/@ElementsEstates/tapping-into-tomorrows-real-estate-market-today-2aad9009d192