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If you look at a place to live as an investment vehicle you are simply looking at it wrong. A home which is paid for is a place you can live without fear of not
by geggam 10y ago
If you look at a place to live as an investment vehicle you are simply looking at it wrong. A home which is paid for is a place you can live without fear of not being able to make the next rent payment.
A mortgage is a bit of a jail sentence. Saving money and purchasing a place to live is the right way to do it.
No one will tell you that because they dont make money from you putting your money in the market.
- soyiuz 10y agoBut the same could be said about money in the bank: it is insurance against not being able to make the next rent payment. Saving money is the right thing to do---putting all of your savings into immovable property may not be.
- geggam 10y agoA place to live where you can grow food without someone taking it away eliminates the homeless situation. There is no other investment offering that security. Ask Etrade if you can have a place to live and food to eat if all your trades go wrong :)