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.
In terms of business, it would be better to buy a house to rent out to others and for each year we would have income that could be taken from the house. So in this capacity buying a house is a good idea because from what I know houses are becoming more valuable to sell or rent.
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.
Maybe in the US there is some truth to the fact that buying a house is not a good decision because there are other opportunities to make money, so people see houses as not an easy way to make money. But in some countries houses are actually the best investment because they can be used to make money and even in my country people are racing to build houses to rent out and the potential is quite large.
Furthermore, we have to look at the potential and maybe for some countries it is true that buying a house is not the best investment because there are opportunities in other places that are much more profitable. But if we talk about where I live, a house is one of the promising investments because it can make money.