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I don’t even understand why owning a home is something so many people want. It’s generally not a good “investment” at all and renting is better. Plus all the

• BFLpL0QNek 4y ago
  That’s the thing. A home should not be an “investment”, it should be a “home”, a home to live and give safety/security, not land, bricks and mortar someone purchases to make a capital gain or rental yield. Why do people want a “home”? It provides a security renting doesn’t, you can make it your home. Renting can be more flexible if you are nomadic, it can also be a huge pain dealing with leases, rental increases, dodgy landlords, a lack of security so can’t truly settle on a 12 month lease.
  • SirMaster 4y ago
    I agree buying a home should not be seen as an investment. I just mention that because it feel like everyone I talk to treats it like or talks about it like it’s a good investment. It’s totally fine to buy a home if you want to own a home. Sure there are plenty of reasons to want to own a home. But because it’s a great investment is rarely one of the reasons.
• lotsoweiners 4y ago
  I bought my house for under 300k in 2015 and could list it today for over 700k (good investment). Obviously I am not going to do that because of the interest rate increases which will keep mine and a large amount of the supply off the market but that is a different topic. I like owning though because I know no one will kick me out 12 months or significantly increase my monthly payment based on demand.