Quote from: Dailyscript on Today at 12:29:48 PM

Quote from: Mpamaegbu on Today at 04:57:00 AM

Owing a house is just a status thing and doesn't make great financial sense. For those who will be scandalized that I see it from this perspective, they should evaluate the cost of buying a house and then check what it would take to pay rent on that property and see how many years of rent that can get them to that amount. It normally runs into years that even the homeowner may not be alive to see. Now, consider putting that same amount of money into business and see how you will easily pay that same rent from the huge profits made. I'm not even talking about Bitcoin investment, but any well thoughtout business.

There is nothing wrong with owning a house. What should be kept into consideration is that we should be too quick to own a house when we have not made a lot of investment or started any good business that give us enough money not just to maintain a steady life but to be financially stable. It makes a lot of sense that when a person is financially unstable he then can diversify his investment, own properties including hoses and landed properties. Without that what should be in the mind of any still hustling should be expanding business and investment instead of owning a house.

There really nothing wrong regarding owning a home, its like you are securing yourself for any potential risk and make sure that you are already settled before taking risky decisions. I will be more confident to take more riskier step towards taking investment since I know there's nothing to get afraid with that status. Owning a real estate property is already an achievement so people should not think its bad decision to own this if they have capability to acquire since not every time we have available fund to spend since for sure crisis will happen and to bad for us if we got broke and we don't have a home bought.

Although I understand people who choose to invest first since maybe they are skilled and have lots of knowledge on investment field and by using their money could potentially produce more profits to them. But if they are beginner maybe best if they choose the safer side.