Most people buy into the myth that buying a home is the best investment you can ever make...but more often than not that idea is just a myth.
Take the US as an example. The average house in N. America appreciates 5 to 6 per cent per year, which sounds great at first glance. In 10 years the value of your house will almost double.
Well for some that are into the real estate business, buying a home or property might count for an investment, especially when you have that at some strategic locations. Like you can say for most of the McDonalds. It didn’t just become where you get meals but, the sites they are found have some great value to it.
We are talking about homes though so yeah, in one instance, you get to not pay rent and you have a property you can resell should you see the need. Basically it’s where you just choose to lay your head but, it isn’t a wrong decision choosing between either. I don’t really consider my home for an investment, it’s where I live and that’s it.