Quote from: palle11 on October 29, 2022, 12:33:43 PM

Quote from: OgNasty on October 29, 2022, 12:36:20 AM

but you should own a home if you want to live there a long time or think you're getting a great deal.

Experience has shown that people don't buy houses to live there but they do that as investment for the future. They acquire it and put it on rent or lease it out and on the long run it will become something to rely on for financial support. I have witnessed this alot when the man dies in the home, the children and wife rely on the investment of the man including land and houses for survival. So it is wise to buy houses incase the future isn't as planned such house will be sold for financial support to restart the finance of the family.

Historically, a house has always been a great investment, though. As long as you have the land deed. Especially in smaller, developed countries where the cost of land is going up by ridiculous percentages every year. For example, Japan.

Although worldwide, having a house and/or land is still a good investment for the future, seeing as the cost goes up the more people we have on earth. Unless in places where wars are waged. Ukraine is going to be prime investment for anyone looking to invest in cheap real estate.

One never knows when a war starts in ones own country. Your real estate investment might become nothing but rubble. Or your deed becomes worthless toilet paper if the new occupiers say so.

Bitcoin > Land/House