Post
Topic
Board Economics
Re: House is a forced saving
by
sovie
on 31/10/2022, 16:21:23 UTC
Guy often tell me house is a force saving. By looking at the market today, full of scammer roaming around, and countless unsavoury characters and get rich quick scheme, jobless highly educated youth. I conclude buyhouse is not only a “forced saving” but also a “save yourselves”.

Having a big and luxurious house may bring you honor but it is not the best way of savings. House is actually not a assets if it's for you to use not for rent. It is a debt and you had to pay for its maintenance every month. Buy house for saving is the least best idea. Investing in something that's values is not constantly moving and that will get old and has to be maintenanced over time is not investment at all if its not generating income.
For me having a small comfortable and beautiful house surrounded by flowers and plants  is the best thing one can have