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Guy often tell me house is a force saving. By looking at the market today, full of scammer roaming around, and countless unsavoury characters and get rich quick scheme, jobless highly educated youth. I conclude buyhouse is not only a “forced saving” but also a “save yourselves”.

We often heard about a lot of highly educated youth had no jobs, underemployed, which is very bad today and getting worse day by day. What they often failed to see is it has been norms in the past, do you not know every scientist is borderline poor and bloke, Albert Einstein is not rich, Newton Isaac is bankrupt poor on south sea bubble, Wright brother is poor, we often read about how great are scientist on the textbook who create useful invention to improve life, but there is a catch, the textbook conveniently never mention the scientist personal wealth, it’s apparent textbook censor the information they do not want the kids to know all the scientist are living paycheck to paycheck and borderline poor, where they often has to wagecuck and sell their IP to the government to make a living, if they failed to create any IP they would be rejected just another bloke we often see on the street today, is homeless educated guy not often in the past?

Friedcat of the bitcoin is the modern day jobless highly educated genius, he is often regarded as “genius youth who is living a frugal life”, despite awarded with scholarship, and secure the top spot in the top business school, the guy goes on and create very useful product, create the asicminer, but very quickly the guy just simply goes broke and fall into endless debt burden, his company is broken, life broken and going missing forever after he couldn’t pay the debt he owned, oh how ironically he is just the modernise Newton Isaac in disguise, such a nice addition, so guy listen, keep following the advice of go to school and study hard get good grade, get a good paying job with benefit, you would eventually made it in life, miraculously and magically you would be living happy ending life, it’s fine guy!

Then I’m often getting bombarded with doubt “Do you have a better system than existing one? Do you?” Obviously I don’t have any and I would never come up with one, keep trying to beat the house and to realise how great/lesser a person you are.

House price is soaring, but finance advisor telling me to debt maxxing on house loan 90% loan and 0~10% dp, and it’s fine. Because bank want to increase revenue, increasing house price is what the bank did, by increasing house price, guy would take more loan to buy house, that way bank can increase revenue by increasing house price and increasing the loan to buy house, then bank can charge interest on the house loan to make profit. But what I often heard is guy tell me to debt maxing on house loan, don’t care about saving, it’s a recipe to disaster to me. So guy today hope the house price to collapse and they can shop house on the bargain, that’s one wishful thinking, the bank cartel and house developer wouldn’t allow that to happen, reduce house price would make it bad for bank to sell more house loan, and bad for developer too, the blackrock would stop that effort, however as usual some guy would loss everything due to greed, if over leveraged on house loan, would loss everything.

It's still speculation.
I mean a house in the wrong use will not be able to provide any results, except for people who are married and need a decent place to live.
Utilization of the house can be classified into several functions.
1. Residence
2. For rent
3. Business

This is a fact that actually happens, education does not guarantee someone can improve their standard of living for the better, because the function of education is not only about finding a job.
Instead, we will be able to get out of the poverty line, when we have the skills and expertise in our respective fields.

We are always faced with how to solve our own problems, depending on the government is a backward thinking system, they (the government) cannot reach all levels of society, so it is not right to expect full from them.
That's why the skill and courage to get out of the comfort zone is the style of people who have a life vision for success. Bitcoin provides opportunities for anyone, depending on how we use it and everyone has the right to choose a way of life with their own pattern, but I think bitcoin is the solution to the problem you wrote about at length.

The choice lies in the way you move and think, technology is developing rapidly nowadays, everyone can learn about existing or new investment models.
Personally I prefer investment ?
1. Bitcoin
2. Gold
3. Land
The three investment models I mentioned can maintain currency values, regardless of inflation or not, and maybe you don't need to believe what I say, but technological developments provide a lot of information that you can dig into to make a decision.

The biggest mistake people make is buying a house using a bank loan, did you know that the financial system has different interest rates, we are forced to take money from them, then told to return it at a predetermined time. Interest rates can ensnare us in new problems, because if we cannot cover the installments, then there will be a finality given, even worse when several times we do not pay the installments, the collateral we use is sold according to a predetermined agreement. Our lives cannot be controlled by others, there are still many ways to get out of the Bank system.

Bitcoin can be a solution to the problems that people face, many people have managed to get out of financial difficulties by using bitcoin, but not everyone is successful, if they don't understand how best to invest in Bitcoin.
Fluctuations and risk are two things that society will face, and it is important to know them thoroughly, so that we do not fall into fear and panic when bitcoin undergoes a correction.

This is all wrong here.

House prices are not soaring, it is exactly the opposite. Interest rates are high , less people can afford a loan because it is expensive now. So less people buy houses , less demand = lower price.

Anyone should be careful about making debts now as interest rates are rising all over the world.

Houses get old, houses go into maintenance and they depreciate in value over the time. I am pretty sure this is not the case as mentioned in the OP. 

They are only valued if they are some sort of big houses like mansions with its own property (land/garden/ponds/golf ground) I hope you have imagined already what kind of property I am talking about here.

Those are the properties which gets highly paid over the time. However, most of them get valued based on the “real estate land” and its location.

But usually that isn’t the bucket for everyone out here. So look for the properties right, not every of them would appreciate in value all the time.

Sometimes I feel very sad when people feel that success is all about having so much money to spend on luxury. Going broke and lacking the ability to provide basic needs is not a good experience and being in debt makes life very difficult and sometimes unbearable. But OP mentioned some notable inventors that were not rich because their main goal was not to make a profit. Most of them just had the intention to use their discoveries to bless humanity.

In my country the mortgage sector is paralytic, hence we don't have a government sector or many private firms that can satisfy the mortgage needs of my countrymen. Most houses in my country are built with personal savings.

Housing can be for personal use or business. Taking a loan to build your own house would be beneficial if the interest rate is low and it helps you to save money that would have been spent on rent. Also, the population of my country is growing rapidly and it has led to high demand for housing facilities. Taking a loan to build a commercial house might be a very profitable investment.

I often see those folks that are financially free to purchase their houses in cash so that the banks won't have the interest from paying that for so many years.
While I see the strategy of some rich people that they're leveraging it highly and they're maxing it out so that they can pay less for the mortgage but for longer years and it is their businesses that will pay for it.
They don't want to put out huge cash for it as they'll just have to allocate that on their business to make more money instead.

At the moment it feels like we are hovering near record highs and a small correction to house prices should be coming in the next year or two. However it could vary wildly between countries, some countries might plateau, others might see a dip similar to the financial crisis where it took maybe 5 years to recover, but ultimately it seems buying a house is sound advice. What is the alternative? You will simply be paying off someone elses mortgage instead, so if you can get a mortgage and deposit together it seems very wise to make the leap into home ownership. However younger generations now seem further than ever from owning a house because they have risen so much in previous years and wage increases have not kept pace.

Yeah most people seems to be confusing the difference between the actual price for houses and the interest rates including the price of the houses. Either way, throwing away huge amount of cash to buy a house / property to avoid all these interest is still a no go though. I'd still rather take on these interest over years instead of paying lump sum amount


Only if you are rich enough to throw in lump sum, otherwise it wont happen. The actual price for houses is actually high enough for most people to afford and not alot would be able to afford to purchase it in cash

Investing in real estate is generally the safest type of investment. And for those who were not fortunate enough to obtain higher educational degrees or even those who have a good career position and want to invest their money, investing in real estate represents their best opportunity. Bearing in mind that when the property is in the form of a plot of land, it is safer than homes because homes require constant maintenance and cannot be changed or modified as necessary.
Personally, I prefer investing in agricultural land or in precious metals.

If we do really invest or put up money on real estate's, then the main consideration would really be on its location whether its placed within the city or into the vicinity which it does have potential for future development.
Its true that appreciation of lots and buildings is really there but not all the time where it do ends up on positive plus its not something cheap for someone to make out investment through it.
House is a liability yet it do really consumes out maintenance or something that would really be giving out expenses unless if you do have a house and it is for rent then it is
something considered as asset.We should know on how to differentiate in between things.

If you have the capacity to sit on your real estates for a long time, I don't think it's hurting you in any way. The price of houses appreciates and depreciates, but so long as you have one that is situated in a very good spot, its price won't go anywhere but up. I've seen a lot of houses -- or even lots -- go up in value even though other houses on other areas continue to decline. Location is king in real estate, and the more you are close with a lot of things, the better it is for you even if you end up having a hard time paying for its mortgage. You will also have a backup home if worse comes to worst. Maintenance would be hell though, but if you can buy a house, you most probably can afford its maintenance as well.

The reason people say that owning a home is forced saving is because most people don't save at all.  Paying down the principle on a loan while maintaining the value of the asset like real estate does, builds equity, which for a lot of people is their only form of wealth.  History has shown that you would do better to invest in the stock market, but most people are afraid of the stock market, while owning a home is typically a source of pride.  I'm not against owning a home, but you should own a home if you want to live there a long time or think you're getting a great deal.  Saving more money in a 401K or just investing regularly will over time build more wealth.

Not only the rich can do that but those that have a successful business and they're at the middle income. Yeah, it's true that the house prices right now are quite expensive, and can't afford to pay in full. But that's why there are house mortgages and that's a way for the banks to give loans to those who want to purchase their houses but that's with interest. And not everyone who dreams of having their own home can be eligible for those bank loans.

Experience has shown that people don't buy houses to live there but they do that as investment for the future. They acquire it and put it on rent or lease it out and on the long run it will become something to rely on for financial support. I have witnessed this alot when the man dies in the home, the children and wife rely on the investment of the man including land and houses for survival. So it is wise to buy houses incase the future isn't as planned such house will be sold for financial support to restart the finance of the family.

Dude, we've all been lied to.  Some get angrier about it than others if and when they realize that fact.

I'm a poor historian of bitcoin and the development of mining, but comparing the inventor of the ASIC to Newton is stretching it harder than Mr. Fantastic.  As far as getting an education goes, I'd say most people who studied hard and studied a subject that didn't lead to some frivolous puff degree (like gender studies) probably found themselves in a competitive position as far as the job market when they graduated. 

One of the problems is that there are more people than ever going to university, and it's getting more expensive.  A degree just isn't as valuable as it once was--unless it's in something like nursing, pharmacy, engineering, and STEM fields.  As I mentioned, if you get a degree in history, political science, or any of the liberal arts offerings, what kind of career does that prepare you for?

And hey, don't get too discouraged.  It's a fucking nightmare of a time we're living in right now, and I think we're all pretty on edge about a lot of things.  Take a deep breath and be grateful for bitcoin at least.

Cant really deny this fact on which whenever you do build a good looking big house then people's impression would be changing up or would be automatically tell to themselves that the one who owns it is rich.

We know that we do have that pride or ego that being praised like that is something that could bring up some good feeling but its not really that right as this would tolerate you up with that kind of mindset

which might cause up some unwise spendings or investments on other things which it would be more rather worth if you do put it up on something which could bring out more profits
rather than on buying things which doesnt generate income.Well, we do really have wishes and goals in life like having a good looking house and other things that will give out
comfortable living but we should really be having those balanced means.

A house is indeed a wise investment and a great saving. I mean, a house and lot. But it also depends on where you are. Apparently, there are countries where the prices of houses are fluctuating. In my country, however, it seems it is continuously growing. Everything might have something to do with a ballooning population. High-rise residential buildings are now sprouting from everywhere. Subdivisions are now extending beyond the suburbs toward what used to be unimaginable for a house location. It is also noticeable that aside from the rising prices, lot sizes and houses are also getting a lot smaller.

Big corporations have ensured that we fight  for basics like housing and healthcare and keep working for life. This will ensure robust economy which otherwise is not possible. I guess we are already on edge and now we need a reversal.. we need right not to work.

That’s true. Especially if you don’t own a place to live, getting a mortgage is the best investment you can have in the long run. The rates went too high lately but the prices ain’t coming down but eventually they will. I suggest you to wait a bit more before buying a house right away. The economy will only get worse before it gets better. Housing is the biggest expense of any middle/low class working person probably so the earlier you get rid of that cost the better it is for you.

You know you won't keep waiting for the economy to get better before you start building a house if you have the money. Taking into cognizance that inflation keep increasing yearly because the cost of building materials now will not be same in next five years. At least the present economic situation has proved this that past inflation and costs are lower than what they are now. A stitch in time saves nine as it is a popular saying.

This thread is not about doing the right or wrong thing, but I would try to make it interesting and consider it’s a topic on house mainly, it seem to be a topic and never get old and constantly getting mentioned on economic. Many guy try to trash talk house, many guy try to dismiss house, yet they can’t get away with it. Not much I could debate but
“Perenna has been awarded a license to bring 50-years mortgages to the UK market.” This is exactly the bill that cause house price to soar, most of us couldn’t do nothing while the policy maker made the iron fist rule and set the market direction for the coming future.

I do think house would worth as much as the job market on the location and surrounding, often on a urban city where job market is robust the price would be so much higher too, but some of the jobs is moving away to rural area and bringing up the house price too although not as much as the urban area. Depreciation, I think it sound horrible and all, but look for phantom income, I won’t be able to advise much, it seem to be a work around.

It’s fine to have goal and purpose in life, however survival is all that matter the most at the moment. Success by having a lot of money has always be the norms, girl only want to marry rich guy, guy only listen to the advice from filthy rich guy. You see we don’t want to be ended up another Newton Isaac who loss everything on south sea.

Although it is nice to believe we can achieve anything in life, when running out of money, that goal of yours have to shift, keep working on money is the ultimate purpose in life. Innovation, life changing decision, working on passion those are fading dream, money still has to come first not product or service come first. Also don’t mention about all the school that’s accessible by the poor, those are joke but not real school and often is a waste of money.

That’s exactly the how rich get richer, they’re playing real life Monopoly board game, by buying up every piece of real estate, it doesn’t matter where they come from, they looking to world wide real estate market, would you not want to “save yourselves” from the invasion?

That’s a wild guess, btw a lot of guy would have remorse for not doing the “forced saving” much earlier, they would cry for house is unaffordable, but we don’t have the answer to why they refuse that, they have so much to loss, lower wage, higher inflation, save yourselves first, it’s no brainer to think of something else.

Actually, in this case I probably won't look too far from the word home because apart from this it can be used as a business area but we must narrow our way of thinking first, if indeed we don't have the capital to make a house a business land, at least we must still have a house so that we can still take refuge and stay.

There is no need to insist on investing in a house because this is a primary need in my opinion and we need a place to take shelter and of course the house is one of the best places. If indeed we are able to make this a business then it is good but when indeed we still can't and are very lacking in terms of capital then still making this a primary need is enough.

Yes, a house, apartment or piece of land are a guarantee in life you have where to settle yourself despite the financial difficulties you may face during harsh times.

Imagine how frustrating it is for those who don't have a house, so they become homeless, live at hostels or have to share a room at friends or relatives' places. Privacy is a key factor in life which contributes for our self-esteem, and in order to achieve that a self owned place is a must as basic need.

However, to have more than one house for investment purposes must be very well thought if it really worth or not depending your local area, economy, criminality rates, supply and demand, maintenance costs, taxes...

Isnt it always a bad time to live? I cant recall a single time that people were not having any economic situation throughout the history. I mean there's like always something that is bad with the world and yeah Im grateful that I know bitcoin pretty early but the average joe that probably struggling alot right now especially with those silly houses prices

that's what you called life. this is why a man lives all kinds of troubles in this life and learn how to face them. if you will not be strong facing this life, you won't survive. this is why it is called survival of the fittest. every era or generation has their own battles to tackle with. it is how the humans will learn how to encounter those battles.

I read here that someone actually supported the idea of buying land as a good investment but doesn't support that of buying a house as a good investment. I believe the profit and risk level of getting a land or buying a house is same. The value of a house is the value of the land + the structure on it. Anything that will affect the price of a house should first hit the land value. Both are of thr same jurisdiction.

My fear for such an investment is over pricing, which is often caused by the agents (middle men). You can buy an over priced house and discover that in years time, the value hasn't increased.

Same vain some rich buy rent house instead of buy it, I don't know why. I read somewhere it was written that Musk doesn't have a house in a city he lives. He lives instead in a garage and I didn't know why.

We all have been lied to... not exactly tbh there isn’t anyone promise anything at the first place, and there is plenty sign to doubt about what is to expect from all the calling for greater good, but there it is, some guy would spectacularly fall victim as usual, which is his mistake occurred.

Nightmare, for any normal guy it is bad enough, for guy who has disabled it’s living hell, can’t imagine having to live with some limbs maimed or removed, or have diagnose with malfunctioning vital body part. When we said nightmare we are perceived it to it’s being perfectly healthy guy, it’s made more absurd when we completely ignore minority who is victim of defective by birth, due to contamination, chemical, mutation, violence, vaccination, pollution, sound or air, disease, virus, or socially engineered mutilation, politically or emotionally driven. May be dead is where they find peace.

The magnitude of the contribution to the STEM might not be comparable, but one can’t deny guy just goes broke in life, it is unthinkable! There isn’t many example who is relatable, of course Newton Isaac is much wealthier guy before going broke also he didn’t even have any loan, there is no bank provide loan to any commoner by the time.
Obviously we are having a very tough time, how bad is it, jobless, depression, crackhead, climate change, business closure, all sort of social problems come right together, it’s unable to describe in word, I dunno what suffering guy has to go through living in society today, but thing is unprecedentedly bad for me and thing around me. I also think we would have many many years of doom days ahead despite it has been three years I think? Never ending crisis?
I’m seeing online business, which is touted to be evergreen, is undergoing major downsize, it’s baffling as even a non existing market is not spared from getting haircut, also it was a growing business since dotcom 2000. Some notable one include online shopping, subscription service, social media...

Do I received countless scam calls and mails? Yes guy today are SAVAGE, they all approach me to talk MONEY, for unsuspecting people they would be quickly fall victim to scam and loss money, but this guy are everywhere, when they can’t reach you in person they would contact you via mail, via internet, via calls, via any means, it’s disturbing. Despite we are just looking to live a carefree life, but with these many bad actors lurking around doing everything to scam people, it’s just making everyone life full of unwanted baggage, make me wonder “you can’t beat the scammer, then you also become scammer yourselves” is the thing one has to do to live a life. But what and why? It’s horrible.

That might be happening in Brazil (?, did I get it right?) but not in Europe.
The ECB is threatening us with lower housing prices because of interest rates, of slowing demand of that and this and prices have just jumped another 5% you here, and even worse in some other parts of Europe.
https://finbold.com/eu-rent-and-real-estate-prices-see-steady-increase-in-q2-2022-despite-looming-crisis/

Doing the average for a country is not showing that much growth but if you start looking only at capital cities the whole covid scare is over and people are again buying, slowly as there isn't that much to buy in the first place but they're going up, up and up. Plus, nobody will sell cheap apartments that were completed now with more expensive materials, they will just wait for a buyer, and with almost every larger city still attracting students and workers, they will find a customer at one point.
I opened a week ago a classified website to just check on the madness and saw a two-bedroom 50sqm flat in the same neighborhood at the same price as my old mortgage on my 3-room flat taken years ago, and when I thought things can't be that bad I stumbled upon a 7000E/mp in the city center and instantly closed the page as I realized the whole cheap houses stuff is just a dream.


And where are they living while they rent the house they have bought? They rent another place?
I have not seen even once such a thing, I don't know a single guy who would rent his property while living in a rented apartment from somebody else.
Temporarily due to work maybe, possible, but never in the long run.

Having a big and luxurious house may bring you honor but it is not the best way of savings. House is actually not a assets if it's for you to use not for rent. It is a debt and you had to pay for its maintenance every month. Buy house for saving is the least best idea. Investing in something that's values is not constantly moving and that will get old and has to be maintenanced over time is not investment at all if its not generating income.

It may be true that those who contribute the most to society, receive the smallest reward.

Society does not necessarily approve of change or progress and has a tendency to oppose both. The prospect of having to abandon outhouses for indoor plumbing and the abacus for bitcoin miners can be frightening over the long term. On some level we fear the type of change names like Einstein or Newton might bring about. They carry the potential to shake up the world and change the way civilization functions forever.

While they may never become rich or powerful through their efforts. The way people live and think will change. The world and everything in it will be transformed. Should they be rewarded for this? Some will say yes, others will say no. Which could be the reason geniuses are seldom acknowledged during their own lifespans. People usually wait until they're dead and gone before acknowledging them. Perhaps as they breath a sigh of relief.

A major housing crash could be on the way. Being in a leveraged position if one occurs would be a good way to re enact the subprime mortgage crisis of 2008. Where many high risk real estate loans were traded with leverage in CDOs.

Yes a shelter or a house is among the basic needs of a human however a house isn't easy to obtain or create other than the other basic necessities in life like medicine, food and clothes. Even a small house still costs a good amount of money so we can't always prioritize it. Many of us are still living on our parents house or we are renting someone's house if we don't want to rely on them because we are now adults and it may look weird.

A house isn't just a house that we can live on but it's also an investment. We can re-sell it later on and make more profits or like you said we can use it as a form of business. We can offer space for rent, build a mini shop, and so on.

Yes, if I was given a choice and one of them was a house, then I would choose the house I would choose. The needs of clothing, food, shelter are basic needs for life. I don't think it's coercion when it's a necessity. Clothing, food and shelter are something that must come first before anything that is hereinafter referred to as secondary and tertiary needs. Sometimes I also put aside secondary and tertiary needs if I think they are not too important for now. I'd better to save more especially we will face a recession in the near future. Yes, something that we don't really want to face, like it or not, will come.

sorry to interfere in this matter in the part of the world where i came from, today house rent is the number one revenue generating business which house owners don't want to have considerations to tenants so buy a house in my city today would give you something you will always be happy of yourself to have, since the population is much there were no much space housing is something else. 

Real estate is pretty good for investment as well as storage of value but to some extent it's good and honestly its a trap on most cases where people have to pay the mortgage for their entire lifetime just because they're seasoned by the community to own a house even if there is no need for it.

I have a private house and an apartment. In the apartment, all problems with gas, water, heating, sewerage are eliminated by the communal organization.
In a private house, solve all the problems yourself or hire specialists. If you cannot do at least minor repairs yourself, then home maintenance will be expensive for you.
Why do I prefer an apartment? It is cheaper and in the place I need with good infrastructure more offers. A private house is located outside the city in a good green place, as a place to relax.

I don't think it's a house vs apartment discussion, but since you took us here, none of these is better. It's like a discussion of a small city car vs 4x4 truck, both have their advantages. A woman who drives to work in traffic jams and needs to be able to park anywhere will choose a city car that saves her money and time. Someone who lives in the country and has to drive through rough terrain will choose a truck.

A house presents the same problems because on one hand you pay less for square meter, have a back yard to party, more privacy, but also houses are more expensive and require more maintenance. To each its own.

I feel like it's better to own real estate than not. Not only it goes up in value but also gives you a sense of security and attachment. It becomes important when you have children. You don't want them to move from one rented place to another all the time.

Yes, a house can be a store of value but it can also be a way to be indebted for the rest of your life and then lose everything once the next big crisis comes, so people need to make sure they avoid the second scenario while trying their best to achieve the first one.

And one of the easiest ways to do this is by buying a house you can actually pay in less than a decade, if the house you are buying cannot be realistically paid in that time frame then you are exposing yourself to a massive risk as economic crises appear roughly each decade, now this can be problematic to actually do as for example at the place where I live houses have been growing in size despite the size of families going down, meaning you need to indebt yourself for a longer period of time just to get a place to live.

I am going the other way just buy the house only if you have the complete money to buy them, no loan so no pressure. Most of the people who succeeded with real estate followed this rule but instead of buying one house they will go for 5 house and 20% as down payment then lay remaining with the rents coming from the house but I can assure these people are not applying this model for their first property.

You have a point, and also, you are in the middle of the city with all are accessible, but with regards to the problems in your apartments is that if the communal organization takes time to send tradespeople to fix the issues, this is the most common issues, but still, overall apartment is my preferred too if only you have enough money to own it and also I think it is not that spacious, unlike the private house.

I dreamed of having apartments, but the cost here in our country is costly, unlike private houses in provinces (green places with mountains and a lot of trees). Because there is a lot of demand for it, I buy a lot and build a house on it as it is way cheaper.

In the provinces, the level of development is always worse. There are no good schools, no hospitals, no good high-paying jobs, and so on.
If you are young and you need a career, then you do not need a house. You are ready to move at any time for a better job.
Some of my acquaintances who work in the IT sector do not have houses and apartments. They live in different countries and constantly travel, renting real estate.
I see no point in buying real estate if you have not decided where you will live.

I agree that utility bills in a private house are much less than in an apartment, but maintaining the house is still more expensive in the end.

I read about real estate manipulations like this in Kiyosaki's books, but it doesn't work the same for all countries, there are many nuances to consider. In general, if there is money and desire for this, then it will generate income, but it will also take a lot of time, so you will need to look for someone to rent this housing, they will call you if something breaks there, it's all described in Kiyosaki's books, it's not that easy.

I'm thinking of renting out property beneficial in tourist countries where there is a very high demand.
In other countries, this could be a hostel that rents out sleeping quarters for workers, or a very expensive property for wealthy clients who are not afraid of expensive rent.

Getting a house loan is not a good advice, especially when you are not using it for business it might be challenging to middle and lower class people to pay up. If you can save money in which you will use to build your house, it means you have really saved guarantee your children shelter after you pass on. Those that are getting house loans so that they can be proud of having a house are proud debtors.

Shelter is a basic need of life, if you own a house you can i  borrow money from any business firm or bank using your house as a collateral. A man own a house and got broke, luckily for him one day he met someone that gave him a contract of $10M. He didn't know where to go to but when to the bank and used his house as a collateral, executed the contract and paid back the money to the bank with their interest.

The op seems to be saying that students don't usually realize that scientists aren't and weren't rich, but I think it depends on a country. In my country, everyone knows from childhood that going down the academic road means having financial struggles or, under good circumstances, just affording a middle-class life (unless you come from a family that has wealth, and then you don't need to earn your money by doing research). So people go for it because they are really interested and willing to do what they feel is important instead of focusing on being rich but doing something they aren't personally invested in.
As for housing, many are forces to rent and/or rely on institution-provided accommodation, of course. But the mortgage deals and their affordability also vary a lot from country to country.

Ofcourse nothing is going to happen overnight, it will take decades or few generations to change our lifestyle when we go with the traditional investment methods so called safe investments. The real problem with rich dad and poor dad book is the examples given will not work for every country in some countries the rent may equal to the mortgage and in some not even the half so we have to plan accordingly so its just an idea and we have to convert it to something which works for us.

The trouble of "fixing the problems in the house" is a problem of first world, because in places like where I live, those things are cheap because man hour spent on things is cheap, labour is cheap, you pay someone 10 bucks to solve it and it's done. Private houses are more expensive though because land is expensive, meaning if you could get apartment instead it would be cheaper, it's smaller to live in some 800 square foot place instead of 3000, but it would be cheaper too and people can only afford that.

Worst is when you get a place like that both outside of the city and still small because you can only afford that, which is where I live, it’s both far away from everywhere, middle of nowhere, but it’s also a tiny place, with 31 other people in the same apartment, we each have our own houses in it of course, but it's 600 square foot, so very small.

Home is a place where all humans live. If there is no home then, humans will not know where to live. some people who do not have a home, life is very concerned. they lived under the bridge, and always dreamed of a place to live for them.

Therefore, the house is the main priority in this life.

What you say is not wrong at all, but there are also people who do not have their own house, but do not live under the bridge as you say. Because those who don't have a house can still rent a house to serve as a decent place to live and continue to work so that one day they can build their own house or by buying it.

So what is concerning is that they do not know where to work and what to do to survive and also to be able to buy a house so they choose a bridge as a place to live. And that obviously won't be good for life because as you said that the house is the main priority in this life, so that no matter what the conditions are, everyone should try to be able to have a house that is livable.

House price may be soaring depending on the country.Although almost all country is suffering from inflation but at a very different rate. Here in Nigeria, house price is soaring as all commodity in building a house is highly expensive. Shelter us a very essential thing in humans' life. So I don't believe in less demand when it comes to housing.

Real estate is a much more versatile investment. You can rent it, flip properties for profit, or live in it in order to avoid paying rent. I find paying rent a complete waste of money; you're spending a huge portion of your salary to live in someone else's house with almost no control over it. Since I moved out for university 6 years ago, I've spent more than €20.000 on rent. I could have taken a loan of €50–60.000 and bought a small apartment for myself. When it won't be needed anymore, I could either put it up for sale or rent it for passive monthly income.

You made a very good sense in your post, but there are people who has much money but they tell you that building a house is a waste of resources, that you can rent a house and invest your money meant for building a house. In 1 year time, you will double the money that would have been stocked in a building.
Some says housing and land is over priced.
You haven't heard soany different theories that will change your decision. But they are also subjective to where the persons live and how things are operated there.

If it’s a house you plan on living for rest of your life then it shouldn’t matter what it’s worth. In fact it’s better if it’s worth less so there are less property taxes.

Many people in certain cities own million dollar houses, however are they rich? No. They sell and what then. They still need a place to live. So it’s not speculation for every home owner unlike the investors.

The costs will rise but the buyers will also run out of money because food, water and other daily crap will also get more expensive.

When people run out of money, no matter what the cost of building a house is, the existing house prices will drop.

Obviously, it makes a huge difference if the prices drop by 50% after going up by 300%. That’s where I am not sure what’s going to happen because I don’t know when will people run out of money.

I think this hits the nail on the head. Unless people foresee a lot of mobility for work or other reasons, I recommend everyone to buy a house, to the extent of their possibilities, without going into excessive debt.

A paid off house or a good equity in it, just with an emergency fund of between 3 and 6 months of expenses and regular investment in the stock market in mutual funds and/or pension plans give a financial peace of mind that is worth experiencing.

At least, if we have the house we bought, we can go back to that house and don't have to pay daily or monthly fees, even though we still pay taxes that the government has set. And usually, people who want to buy a house borrow money from the bank and are required to pay the loan within a certain period.

But there may be some mistakes made by people because they sometimes borrow too much money so that when there is a problem with their income, they are confused about how to solve it. And they were forced to sell their house just to pay back the loan money.

this happens if there is a lack of calculation with the loan that he did so that it would be difficult for yourself in the future.

but I personally have the opinion that the house is everything for a person, it is the most important thing in this life and I have the opinion that everyone should have the most comfortable house for himself in the present or the future, regardless of the finances he has, the house What must be there does not have to be luxurious but sufficient with existing capabilities.

I think it's their business? buy and sell houses. They are not rich because they own a house; they are just earning some profit to make a living. Also, we couldn't say that an investor is rich just because they have enough money to invest; we all have our own hustles; let's just respect each other as they are just making a living. You can see a lot of things associated with rich people, such as premium cars, very expensive clothes, etc.

Is it really the house or the land? IMO, it's the land that increases in price because we are getting populated. Then, interest rates are also going higher if you are trying to pay it at max length. 20 - 25 years.
I bought a house and lot, and I can see how much it is (thanks to my new neighbor) after 5 years of paying it. The price was higher with lesser measurement unlike how cheap it was 5 years ago. Not cheap in a way, let's say about more or less 30 percent.
I think that's how much the demand for real estate now.

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Investing your money in estates business is a good plan, but make sure that the place is a developed place were you can get renters on time to start earning from the business. I don't think, is advisable for anyone to invest all his or her money in estates business, In case anything negative happen to the business he or she will not return back to zero level in the community than to invest part of the money on estates business, and invest the remaining ones on crypto investment. Since, we are still in the bear season,it will be favourable to increase your capital to invest in crypto, because the bull season is very close to investors to start earning a huge amount of money.

If you bought or refinanced a house during covid when rates were historically at their lowest, then congratulations on your forced saving.  It will serve and do you well, while other are on the outside looking in with these almost historically high interest rates.

The purpose of owning a house is of course to educate and as an asset in the future, a house is certainly more profitable than stocks, property prices will continue to rise and can keep pace with inflation so that it is more worthy of us to make it a priority, it is a big mistake if someone holds shares but he has to pay annual house rent .

I would say forcing yourself to save for something else would be a lot more smarter. I always understood the first house because you would live in it, or even if you rent it out, the income would cover your own house, that makes sense. But after that, I would say real estate is not a smart investment because you could do something better.

Even if you want to get a loan and invest into real estate, do not buy a house, buy a business, like a storage, or a warehouse, or anything like that, because renting it to a company is better method than renting it to some other person, people could fail, companies either make money or they go bankrupt, which they won't want anyway, so it’s much better.

An asset, yes. But the amount of money you would invest into a house could also be an amount which would give you bigger income. You may invest that money into business, then once you're having stable profit, that would be the time you will build your dream house. The market value of a house and lot property would indeed increase as years go by butthere are other assets which could give you bigger and faster interest. Perhaps apartment; could be invested equally with a dream house because a house would be more detailed than apartment units whcih would cost less but will generate multiple profits if you'd have several units.

Or try making it a commercialized space wherein it would be bossted in many aspects, you may offer it to tenants or you yourself could use it for your desired business. Spend your money wisely.

Buying a house with debt is normal in my country, I haven't heard of anybody who was able to buy a house without having a loan. House prices have risen drastically in the last 10 years, whereas wages are not keeping up. The percentage of rent or loan repayments from the monthly salary is rising every year and it becomes harder to maintain the sane living standards. Still owning your home one day is the number one goal of young adults, they would rather give up on a nice car and vacations to afford their own house one day. Here it's normal to have 20% equity and get the rest from the bank. The problem for me is that many people view their own home as an asset, even though it doesn't generate income as they are living it themselves. In my opinion your own house should be rather a liability if its not modern or füllt renovated. Friends of mine bought their own house 5 years ago, only to find out now that the government regulations are changing and they are required to fully renovate it by 2030 to meet new energy efficiency standards. Their dream project almost ruined them.

My dream of buying a house is no longer possible. The prices are very high and I will have to give most of my monthly earnings to pay for it. I can't choose such an option because I don't want to push my normal life too much. I wish someone who works in a normal job like before could buy a house comfortably. But this is a dream for me and very difficult to achieve. I also think that the person who buys a house is making an unnecessary investment if he is not going to live in that house. In how many years will the investment made with the rent received from this house pay for itself? I don't understand why they're tying their capital to a house where they can't live. Also, as in the example I quoted, the subsequent costs can be huge.

That would be the best possible scenario but very few people are actually going to have such a huge amount of money saved for what it is the most important purchase on their lives.

So I think buying a house with a loan you can actually pay in a short amount of time is probably the most realistic scenario we can expect for the average person to implement, and even this is very hard for most people as this will require they buy a smaller house and they are constant on saving money each month and then use that money to make additional payments to their mortgage.

Real estate always has an appeal, both for improving the quality of life and as an investment object.
The first thing everyone strives for is to provide their quality accommodation. In your apartment/house. Paying only utility bills, and investing only in convenience and beauty. instead of paying the landlord.
The second is an investment, or an option to save your savings from inflation. In a good location, real estate always remains highly liquid.
The third is an investment instrument. I bought it when the foundation was being laid - I sold the finished apartment. Bought, made repairs, rent, get rent. I bought it, made repairs, you rent it by the day, you get rent, etc.

If you need housing and you pay rent to meet your housing needs, it's a savings but houses wear out as they are used and lose their initial value. Also, you constantly pay taxes when buying and selling homes. They are not always the first choice for a trader who really wants to save. Instead, I think it makes more sense to evaluate commercial license plates. My second choice may be to buy a land that is open to development.

The alameda and ftx sam bankman fried, the Rosaline embezzle the sbf fund and ftx. It remind me of in 2021 every girl nagging on the bf for getting a Nintendo switch because she wanna play acnh and drove the retail price to the extreme. This chaos is indeed the element that’s needed for massive wealth transfer, or the cash heist to take place, without chaos guy wouldn’t give up their money in their fixed deposit bank, it would be as dead as stock market, although it’s self explanatory, but it’s there is a strong need to remind, as guy today is asking “how to make money”, unable to understand even the basic idea since they’re all being trained to be idiot in school, and getting more idiot as the school progress to even more extreme and torturing in both syllabuses and credit hours, they’re all think make money is go to school get job and magically the boss and the job would pay them a happy ending life, as if the boss owe them a happy life of wealth, there is simply no logic on it, no financial sense at all.

Property investments can be less profitable than most people think....

You have to subtract several hidden cost from the profit that you make, when you sell the property, namely :

1. Interest on the home loan
2. Interest that you would have gained, if you invested the loan payments
3. Maintenance cost on the property that you bought
4. Home improvement costs
5. Transfer costs and Sales Agent commission and admin fees
6. Insurance payment on the property

So, yes... it is a forced saving... but it is also a forced expense, because you have to pay for a lot of things... before you can make a profit in the future.  ::)

You don’t get to why I get into property in 2010 in the past. I was furious, I was rejected by the entire society, every employer dislike me, every job application is rejected, and the dating market, ohhh the hypergamy market actual soar to an unbelievable extreme level, penniless, jobless that jobmarket is total shit by the time, all I did in all my day is wasted on competitive online game LOL CS & DOTA. By the time it was just a small cult, no TI or any money betting competition was organised in 2010, it’s all but video games for wasting time for loser like me, for the worse it’s money wasting too, no any successful or winner guy or school guy would bat an eyes on the loser habit like a gamer. I was looking at property market by the time it was all gloomy and cloudy, “property is for loser, loser look at property, you buy property now you would commit suicide when the market crashed in a few years!” I was told, tbh it was in 2008/2009 a couple of guy I know through fb jumped to their dead from their condominium which spark all the precedent and fear, the news on fb is removed and couldn’t be retrieved but I assure you it’s valid. Every fairly wealthy guy I talked to, tell me property is a dead end endeavour, anyone who invest into property now is idiot and bloke waiting to goes broke. Fyi any guy I met, is working for top 500 mmc and earning best buck one can dream and they shame property calling the price is absurd too high in 2010, and it would crash to the ground very low price, to which, they would then consider “affordable” by them... fast forward to 2020, what’s touted to be loser gamer guy habit in 2010, is now being charmed as winner successful career, “gamer is the best money making career and all guy dream job” is being gamer, it’s baffling, I was dumbfound, I was joking and cringed evilly, it stunned me it’s unbelievable a once used-to-be habit for the loser now become money making best career and many guy are betting big money on it to keep this gaming industry running and keep the gamer busy to play game even harder. I mean what’s going on, it’s insane, are guy today all blinded by the money? there isn’t money in the game played by loser, but nobody listen to me, interesting... idk but when I look at bitcoin again, I see the same shit again, today guy telling me bitcoin to goes to 100k, “isn’t it btc is for the loser” I asked myself again, idk what’s foolishness is going here again, it’s crazy... btw a few key take away, did I completely getting stunned and confused and dumbfound that property price today is soaring through the roof despite job market is totally collapsing?? Idk I was getting a little surprised but it just sink in and I move on quickly and accept the facts, after all the reality is always ironically, proving them wrong is exactly what we have been working for during the good time from 2010-2020, I would call it I sow the same seed and get the same fruit in the end, it’s all relativity from the beginning to the end, nothing earth shattering or ground breaking when my success come out to be on the expectation... now that a few guy approach me and ask me “how to make money?” I was cringing and I choose to ignore them altogether, yup they’re all looking for money and they come to me to get the advice, btw in the end they go to get advice from financial guy and they would likely goes on and loss all their lifesaving hahahahaha...!

House investment couldn't be considered as an asset if it is not bringing you any income, you need to pay taxes, mortgage, maintenance, etc. Same with buying a car, it will cost you a lot to maintain it and it doesn't bring any income. Most people who become rich invest in themselves, start a business, and let it grow instead of buying a house first which is a dead investment. Recently when an earthquake hit our country, I saw a post on social media where there was a big house that was totally wrecked by the earthquake, the owner of the house saved and worked hard for a decade as an overseas worker and it all went to waste when the earthquake happened. Imagine if your life saving or the money you are intending to use to buy this asset is used to invest in something else or used somewhere else where you get a consistent or passive income.

My professor in business management used to advise us, if you are going to invest, invest into something that gives you returns, never make a dead investment not unless you have a consistent cash flow.

Btw a few point I can observe, I’m  not saying the guy who work for top 500 mnc are lying with their paycheck, of course they made exactly the money advertised that’s the best buck on town, their take-home-paycheck is definitely jaw dropping and mouth drooling tbh, there is the catch, they seem to be unable to save the money no matter how hard they try, they make all the best buck yet, they would spend all those money on woman, either they toss all into hooker, or they just couldn’t get rid of woman, his gf spending all the money, or his wife, or his kids, or the females boss picking on them being no social life, it’s it. That’s a zero sum in the nutshell, I’m not trying to compare your high paying job to a property, but the thing that intriguing me is that house always win because house is a forced saving, all the money seem to be going into the house, instead of going into hooker or woman. So it’s your choice, keep trying to beat the house and see how great a person you are, in my best interest I would still insist your chance of beating the house is comfortably at 0%, no matter how smart you are, everything is working against you to win, don’t believe me? Keep trying, you haven’t try hard enough, you need to work more harder, you’re not good enough until you beat them, of course there is guy who beat the house it’s just not you, but you shouldn’t give up, keep trying okey! I’m out of the picture btw, ciao, lol.

Indeed, buying house is a forced saving as we all need a house where we can live peacefully with our family and build lifetime memories without fear of paying rent every month and no fear of frequent rental increase which adds extra burden on our budget. Furthermore, buying house is also considered a secure & profitable investment, particularly in countries where demand of houses is growing due to higher population growth which is the main cause behind soaring prices of homes.

This changed my perspective on life; I'm not sure where they got it, but they said that a house is a liability and not an asset because you will spend a lot of money on it and renovate it to make it nice. Still, then there are no returns, which I could say is true because you can live in a house as long as it has a roof and isn't as fancy as we imagined, but when it comes to selling it in the future, I would say that you can sell it for and earn huge profit from it.

Real estate is a powerful liability for most people. When the economic crisis comes, real estate is like a soap bubble. The moment it bursts, it is another beautiful rainbow. But it's what people need, so it's a vicious circle in the end.

Just sitting and staying at home also requires spending because every family in the house also needs food to eat every day even though it can be controlled properly. Which means expenses will still exist and cannot be avoided even though they can be controlled because when a person is still breathing and still living in this world, he always needs expenses to eat and drink for his survival and that regardless of where he lives.

If you would need to ask, what stage we are having right now today. I had observed first handed experience the situation from the 2007-2009, from the feeling alone I can tell the people today are getting a bit savage and aggressive, from my memory that I can recall is people are kinda aggressive priori to 2007, and they peak on 2008 when thing begin to breaking and massive layoff and also a lot of business goes broke and closure, by 2009 I’m reading a lot of people commit mass suicide, I mean it people killing themselves and en mass killing it’s not joking btw. From the feeling today and the people I observe and also the recent Meta layoff 11k employee and major tech layoff, I believe we are yet to reach the reminiscence of the 2008, we haven’t peak the market cycle yet, it might take much longer, I want to see people dead, not that I’m evil, it’s what I recall in 2008, you might want to read the book written by Robert Kiyosaki I think he record and describe the atmospheric pretty concise, not very best but I believe he is the only one person actually trying to record every piece of the detail in a book, by the time a lot of people are totally unaware of what future they’re facing and doing every survival of the fittest living, until they burn out and they finally collapse and take their own life, let’s wait and see if the history does repeat itself, I’m not going to advice anyone to make any money decision right now, especially on house investment, the market might shock you unexpectedly, and you would be the one commit suicide when you’re found yourselves in a dead end debt burden, so proceed diligently and extremely careful, it’s not fun to live in society today, the stress and pressure level is overwhelming even to me, I’m starting to get some nerve from the atmospheric right now, it’s frightening and I’m not entirely sure which nation would be the one to fall just like the reminisce of 2008, is it very bad? Let’s see the dead toll will be record high, much higher than the 2008 equivalent.

A house (real estate) is, in fact, just a concrete box.  

The price of this concrete box can drop sharply and heavily.  A war may break out in the country and the house may be destroyed.  You may have to urgently flee abroad and sell your house for next to nothing.  

In addition, it is very important to understand that you do not own property, but the right to property.

Legislation can be changed and your home will be confiscated.  The tax on and property payable can skyrocket.  The price of utilities can also rise very strongly.  

A home is not always a great investment.

I know a girl who moved into a new apartment at the beginning of 2020.  The apartment was purchased as a property with a mortgage loan.  The girl was very happy with the purchased apartment and invested money in its repair and improvement.  

However, now she already lives in another country.  She did not manage to live in her own apartment.  Now the world has become very unstable.

On the other hand, if you work remotely, then a house or apartment for you is not only housing, but also a work office.  This makes the investment in buying your own home or apartment more valuable.

Money is about survivalism for woman, but money is about just sex and love for man. All due to gender and human biological nature, when you send woman to jungle alone she may not survive, but man in jungle alone always can survive. Money give the woman the privilege to practically self-entitled and to be total parasitism and a complete provider hunter also accept zero responsibility. Money can make woman rich in a jungle, but money can’t make a man rich in a jungle, it’s all based on social judgement, as usual social pre-judge on patriarchy and gynaecentric which is highly status quo and prejudice, the reason society has evolved to what’s today hypergamy orientated is also a result of history that old boomer come from the horrors of world wars, they’re involuntarily working toward on everything to fix that and try to avoid wars as much as they could, although at the expense of having to prejudge on gender inequality and completely disregard a certain gender of their monetary wealth. Btw horny guy pay the price still applied and stand strong in the society today, laws is absolute and going against the laws risk yourselves on getting ass-raped and totally humiliated and rejected like a toy. But what can you do in a society today where your hard work would never be recognised and appreciated, but gender based manipulation laws forcing you at gun point, all in the name of rejecting history repeating it on full out wars due to gender and jungle survival manmade issues, meritocracy is never a rewarding life goal in the beginning, the horrors of wars taught us meritocracy lead to social unrest and lead to protest and lead to civil wars and lead to full out wars. Keeping everyone happy is one hell of thing to handle, however to avoid wars and live a life in peace, we have no choice but to opt for parasitism, where man has to be the breadwinner who take all gender responsibility, make all the money and send them all to the housewife to take care of all financial obligations in a family, while a wife has the role of just take care of children and making gossip with another wife and badmouthing and salty about what a horrible unromantic her husband has been after the marriage, btw who am I to judge on something so blatantly unequal at the first place? Wars come at a price, peace also come at a price, gender is a god generated rules that we can’t change it to fix the issues, we can’t blame the god for making so much flaws and differences on a human all just in between the thin line of man and woman. Too bad this society you want to be rich, you must follow what the society working toward on the future. Society today encouraging parasitism, you become so filthy rich naturally by being total shameless parasite despite you do absolutely nothing in life but also contribute nothing but destruction, is it for the greater good or bad? There isn’t one answer to fix all human social and economic wants and needs, one gender has a totally different needs than the other gender, with lgbt third gender add into the mix it would just make the entire ordeal much more complex and to the worse, to make matter the worse when one gender is getting mistreated and discriminated, war and declaration is imminent, unrest and protest follows, and then civil war. Btw just send your kid to the school and train them to be responsible grown up man and help build the social to the better, but don’t expect the reward in term of monetary value or even social stand, hardworking guy must always be mistreated and they can’t have all cakes and eat them, must cut the cakes into small pieces and distributed to the other parasites although you may unwilling to do so, :) but what about the house, why the house is always win, because the gods has decide to generate the absolute rules?

This is a mistake made by the girl, for not thinking about the impact of a mortgage loan, that's why buying a house using this method is very inappropriate.

The next question is why did he leave the country, whether because he failed to cover the mortgage loan or for other reasons.

Along with the times, apartments are not only used for living, but can also be used for work. For whatever reason, I don't think this girl is right to buy the house.

Investing in real estate sometimes helps out, but only sometimes. A friend of mine decided to start a business in Dubai a year ago and bought an apartment there for about $500,000 in installments for a year. His business failed and he lost over $200,000 in a year because living in Dubai is expensive.
He decided to leave and other people buy his apartment for $800,000. Profit.

Dubai property offer advertisements are very good and promising, if we have a skill to market then Dubai is the best place to make money, I also have friends who can master the language (Arabic, English and French) he works in a tourist company and when he is off he also guides tours so as to get a large additional income.

I think the house is the source of all things about ourselves, it is obligatory for us to make the house the best and most pleasant place, many brilliant ideas to the source of wealth and savings that can be done at home, unfortunately most people want to leave home and feel like a house like a prison.

Have you been to Dubai?
There still need to find people who speak Arabic. The main language of communication is English. There are also a lot of English standards for construction and other industries. Even local residents, who have the opportunity, leave in the summer for other regions or countries. And in winter it is very nice.

Facing family life, home is a basic need that must be met, whereas currently many young people in my country are more fulfilling lifestyle needs, such as cars and hanging out in cafes. even though they don't have a house for the future, so the longer it takes, the more difficult it will be to get a house because the price keeps going up, while the longer the car, the lower the price. This kind of basic thinking is something that young people in my country don't understand, let alone think about investing in property

Over the last 20-30 years it is hard to find a long drop in house prices but you should really think of a house purchase as a separate category of investment. It's a place where you can live in privacy and comfort, a place which you are paying off and not paying off for someone else in the form of rent, plus many other benefits. Once it's paid off you just have to cover utilities and taxes which are minimal in comparison to the cost of purchase. There are so many advantages, but the price has steadily ticked up over time and should be thought of as an added bonus. It is highly dependent on where you live and the current situation, because many flats struggled to sell in the pandemic with no outside space to use.

Historically, a house has always been a great investment, though. As long as you have the land deed. Especially in smaller, developed countries where the cost of land is going up by ridiculous percentages every year. For example, Japan.

Although worldwide, having a house and/or land is still a good investment for the future, seeing as the cost goes up the more people we have on earth. Unless in places where wars are waged. Ukraine is going to be prime investment for anyone looking to invest in cheap real estate.

One never knows when a war starts in ones own country. Your real estate investment might become nothing but rubble in a year or even a day. And your deeds become worthless toilet paper if the new occupiers say so.

Bitcoin > Land/House

Home or land investment is certainly the safest compared to others, but the thing that makes us always think is not easy to sell a house or land, I want to sell the house I bought 5 years ago and offers from buyers are lower than I bought, And this is a concern that saving investment must think long -term.

Don't sell your house and lot if it is at a lower price than when you bought them, since the price of the land or house will increase year by year. Though I am not sure what your purpose is when you first purchase it—is it for profit or so that you can live in your house and lot in the future? I suggest that you need to wait a few more years if you really want to sell it. I am sure the buyer will find you, so let them come for you.

Buying a house is not a bad investment, I did that back in the day, that’s the luckiest thing I ever did, buying a house and a car, I own those two and have no debt on them, the rest of it was easier because the income I make goes to regular life stuff.

Sometimes bigger expenses happen, like your PC broke down so you buy a new one, or your tooth is aching so you get it pulled, or you have something as simple as a flu or hernia and go to doctor and get it checked and pay for it, or you need a new washing machine. All these are "unexpected" so to speak, but the rest is easy to handle with one salary as long as you have a house, that’s the key, you should always own your own house that you live in if you can.

I remember a thread from a week ago where a user needed advise on either to sell 2 unused houses he owns, probably inherited but have refused to add in value for some bitcoin investment. Clearly, houses are a real estate but in remote areas, it's often undervalued but that doesn't mean there isn't a chance of appreciation. It often depends on the developments that comes knocking in the region.

Haven't said that, houses could either earn you money, save you some money but also comes with some expenses. You've got your utility bills, maintenance and other day to day runnings of the house to care about.

If this is being asked with a person on the street without shelter will explain about the importance of having a house. Agreed, it is a forced saving but in some means it is a lifetime requirment.

House never brings money than allowing us to spend. So, we need to plan and build it in way to reduce the spending and get the utmost space and basic facilities. Building house for status and for show-off should be avoided.

A good and profitable investment is a house, the price of the house always goes up because of the very high needs, the presence of the apartment does not become a competitor from the house because of a different market share, people buy an apartment not aiming for investment but only to live temporarily, when they already have children then they will moved to the house. Don't regret buying a house even though you really need money but don't sell it cheaply.

We can save money if we are at home, if we are in the office, mall or streets, there will be a lot of temptations for shopping even for things we don't need such as junk food, clothes, hats and so on, and to make our home comfortable we have to make A pleasant at home.

Let me tell you one, unpleasant example from life.
Ukraine. 2007-8 year. The real estate market, like the rest of the world, is growing rapidly. Prices are constantly rising as well. Although a huge amount of real estate is being built, there are new players-developers on the market almost every day.

An acquaintance, in 2008, closer to autumn, decides to buy real estate. Ordinary apartment, 2 bedrooms, common room, kitchen, 2 bathrooms, balconies. approximately 110 sq.m. The price is about 250,000 dollars. The whole amount is not, or rather, most of the amount is not. He finds a "solution" - a bank mortgage. To reduce the interest rate - in foreign currency, in dollars.
My arguments that this is the worst decision in his life are ignored with a smile, and with the words - "I'll sell more in a couple of years and earn a suitcase of money." Buying an apartment.
The summer of 2009, about half a year after the crisis, late at night I got a call on the intercom ... On the other side of the intercom - a wildly drunk comrade, "the happy owner of real estate." Came "on a visit", to complain about fate. Well, the crisis and the crisis, many became worse at work, my friend lost a significant part of his income, and, accordingly, could not "pull" a mortgage, and also could not restructure. As it turned out: he came to the bank and said - take the apartment, and write off the body of the mortgage, interest - let's discuss. The answer is - we don't need an apartment!!! It cost $250,000 when purchased, now it costs $200,000. We can pick up the apartment today and write off 200,000 - according to the market price. The friend refuses. After 3 months, he realizes that he can no longer withstand payments at all. Goes to the bank. They tell him - well, no question. Today we are signing an annex to the contract, we are withdrawing the apartment, and they will take into account ...... 150,000 dollars. My friend turns gray, starts yelling, and in response to him - look, prices on the market - 150,000 is the normal price of an apartment .... The story ended not very positively, but everyone is alive .... And a huge negative experience.

In 2017, I bought an identical apartment, only in a much better location, with much more comfortable living conditions, for up to $100,000.

Therefore, your call not to sell is not always true. Especially if the market is a bubble. To hold such an asset - to receive even greater costs and financial obligations, and as a result - huge losses!

Home is a basic human need so that its value will continue to increase, no matter we have a house anywhere, as long as there is life, the house will be needed, the house is also an education and the beginning of life to socialize and know many things, especially if we are born at home then it will be There are values that cannot be valued with anything.

This world is where all of humanity is still alive and obviously the first thing that should be there is a house to take shelter. Because all things and activities and every person's plans are arranged in his house before he tries to develop them outside the house. But for this I think everyone needs to make a category because there are still many people who live in the shelter of their own parents' house and there are also those who live by renting other people's houses.

This means that a house is very important for everyone, although there are still more people who don't have their own home, so they still have to take shelter in other people or their own parents. So I think the house issue doesn't need to be discussed anymore because the main points are already there.

I think the value of the house will depend on its condition. If it's newly built and it made by a good quality materials then expect that the price of it is going to be expensive. A house is not an education. Both of them are separate terms but many things can happen inside a house and this includes education and socializing with other family members. Buying a house to live on our own is I think not we called a saving or an investment.

We can't earn an income with it unless if we are planning to sell it later on but its value can also go down because the house is already used but we can always do some renovations. we can paint it and replace the roof or other parts of the house to make it more presentable to the buyers.

The house is not an education, but also an extremely necessary foundation that we should prioritize before considering other things "settle and live happily". I consider the house a savings or investment because over time the value hardly decreases but only increases. Owning a house means that you already own real estate, not just a house built or made of wood, so its value will not be small. Real estate can only increase over time but never decrease because the population is growing and the demand for real estate has never stopped.

The current house is more like a time bomb. The price was very high when I bought it. Now the global economic situation is sad, and the price of the house has dropped a lot. The saddest thing is that the company has laid off employees and has no stable income. The house loan cannot be paid on time. If the bank takes it back, I will have to pay a large amount of liquidated damages. From this point of view, this is not a wise way to preserve property value. I prefer to buy some digital currency on a regular basis and store it in my hard drive wallet. At least my heart is at ease.

A house will only increase in value if you keep refurbishing it, because maintenance must be done every few years so that it can retain its value, unlike a lot that does not require any maintenance (aside from grass cutting), so its value increases over time, though the main problem with selling in this situation is that you will have difficulty finding a buyer who is willing to pay in cash as mostly now wants to pay installments . However, it is a good future savings or investment because we can still use it in an emergency and pass it on to our children. 

Home is a source of inspiration for life, always make a house as a comfortable place for anyone, most people do not pay too much attention to the atmosphere of the house so as to make children not want to be long at home, they prefer the atmosphere of other places so that it makes everything chaotic.

Dude my house was 142k in 1992

it is now 660k in 2022

I put 100k into it.

I also lived in it for over 30 years.

Rent would be 12 x 30 = 360 months and at least 1500 a month or 540k and no value for that spent.

Of course home prices vary.

I am sure if your house is Keiv it's price dropped like a mofo from dec 2021 to dec 2022.


this a home similar to mine in my home town

https://www.trulia.com/p/nj/howell/29-dutch-valley-rd-howell-nj-07731--2006870911?


this home below was really fixed up and is about ¾ mile from me

https://www.trulia.com/p/nj/howell/29-salem-hill-rd-howell-nj-07731--2006870957

highest sale price in my area development ever

prices in 1992 for this neighborhood  were 130K to 175k
prices now are 2022 are 500k-828k

There are several functions of a house, whether it is used as a place to live or for rent. Every human being needs a house as a place to take shelter and rest with his family, because providing a house is the responsibility of the head of the household to protect his family and provide a decent place to live in. Utilization of this kind of house clearly has no long-term profit prospects.

It's different if someone builds a house for rent, besides getting benefits from the tenants and the value of these assets will continue to increase in the long term, because the longer the land will be the more expensive and when people want to buy the house, it will automatically be taken together.

It could neither be a liability or would really be an asset which it would really be depending on how you do make of it. Come to mind that if we do really trying to buy a house to live into it
then it is really just standard, whether it can be considered as forced saving which is do partly agree because you are obliged on paying up on the amount which you had agreed upon
on buying up the house unless if you have done it on full cash and not on some installment or loan but still in overall you are really that saving on having a house.
Things becomes different is on the time that you have decided for this house to make out some income which you do really make it as a rental or making it a transient or whatsoever.

It is undeniable that a house or property is the best investment as long as economic conditions, politics are stable or natural disasters do not occur, I have a friend who lives on the outskirts of the beach, 10 years ago his luxurious house was worth around $ 100k, but because the area was hit by the tsunami then he wants to sell for only $85k, many want to buy but for $55k.

The two main factors that determine the price of a house is location and it's condition. In the past location was the main driver for house, you could see two very similar houses in different cities having a 30+% price difference only because the living quality of the second city is so much better. Over the last few years I noticed that the trend stopped a bit and the condition of the house became more important. Due to the covid pandemic many people are working from home now and only need to commute to the office once per week. With that it becomes much more important to have a nice and good quality home even if you are a little bit more outside of the city. In my country we also have another issue with government regulation on insulation. Every new renovated house or apartments need to meet certain conditions on thermal insulation. This drove prices for renovations up sharply and can be a real burden now. On top of that the high inflation rates make building material very expensive.  So having a house in good condition becomes the main factor these days to determine price.

Home investment is very good and profitable if we have knowledge, remember that not all houses we plan to invest can profit, sometimes lose money because the demand for homes in the region is declining, make sure if our goal is investment then the best thing is to find the best location, namely density residents, distance from public facilities such as markets, schools, stations and so on

I am someone who disagrees with buying a house in installments, this will only burden the community in carrying out their obligations every month, especially in cases like this the use of a house as a place to live is not for rent. I'm starting to understand some things about building a house as a place to live, but not using the monthly installment method like most people.

The use of the house clearly has an impact on the value of the investment, but if the house is used as a residence this will be related to forced savings. Therefore, the utilization of the house must really be used as needed, not forced for things that cannot be fulfilled.

I don't think the house price is the one that's necessarily increasing. If my memory serves me correctly it is the interest loans that kept soaring high up while the housing average remains in line with the current inflation rate, although of course you are right with that, banks gotta make money from somewhere and that's where they make it mostly.They jack up the interest rates, put people into irrecoverable debt, and reap the profits like nothing bad happened at all.

As for education, I think it's common knowledge at this point. Not a lot of bright people, or at least those who got themselves a masters degree ever had a chance to live a life of luxury or at least a life of contentment. They lived frugal lives and that is because there is no money in the academia, the money is made from somewhere else, not from the transfer of knowledge from a professor or a scholar to a student.

At least, if we have bought a house, we already feel safe because we are in our own house, with various pluses and minuses in it, but the comfort in our own home is very different. Owning a home is not only a financial investment in the future, but a family investment to provide a very good livelihood starting from within the house. Surely we don't want to sell our house one day, do we?

People's views sometimes vary. Many people in certain countries do not even think about buying a house because it is a very difficult thing. they prefer to live in apartments and the like. This is the choice and condition of life for each person that is different.

Home maintenance costs are expensive, I have been home investing and every year I rented, and after almost 6 years I want to sell it turns out that the offer from the buyer is lower than I bought, the buyer reasoned that the building was not feasible and what he counted was a value Land, in addition to home maintenance costs Another thing is the cost of environmental management that is also expensive.

What you say and what you experience is very different from what is where I am now. Because here, where I am, land prices and ready-to-live-in houses are always considered better and not cheap. Even if the house building that is already on the ground has to be repaired, the price will not drop too much because considering that building a house from scratch again is very expensive too.

After all, if your house is made of wood, you only need to maintain or clean your house once a week so the price doesn't drop too much, but if your house is made of cement or concrete in other terms, then it's much easier to maintain because you only need to take care of the paint. Just so it's not dirty or dull. And for the surrounding environment it's the same where you only need to keep the trees or plants clean that are not useful which usually grow on their own without having to be planted.

Not only in your area but in almost every area, the real estate business is never cheap, things always increase over time and get expensive. Just looking at the density of the world's population, which is increasing every year, and the almost mandatory housing need, it makes no sense to say that the real estate business is not profitable.

Real estate business or house rental can be said to be the safest form of investment today, real estate business is not interested by many because it requires a large initial capital, so only a few people can do it. But people with money always want to buy real estate or do business with it.

Because of the recession, the real estate industry is struggling right now, as buyers are not buying right now or do not have the income or money to buy it since almost all of the foods and items right now are too expensive. Also, I just heard on the news that many people in the real estate industry are being laid off in order to cut losses. During this time, the price of the house is lower than its original price so that it can attract buyers, but if there was no recession, the real estate business is very profitable, and every year it is booming.

It can be said that real estate is a safe and profitable investment channel, but not without risks. The risk of real estate here is the location, many houses or real estate has a bad geographical location such as not being near a crowded residential area, not near a hospital, not near a market as you say, it is really difficult to sell, even impossible to sell because people don't want to live in those areas.

In addition to the well-known advantages of investing in real estate (we are talking about residential real estate), you should always take into account many nuances: the locality, and its attractiveness in many respects. For example - a city may not have a developed business / industry to have a good job, but it may be attractive for tourism, which means that renting apartments will generate income regularly and not bad. Or, for example, a city at the base of which is a city-forming enterprise. If it is morally obsolete, most likely this enterprise will soon be stopped, it will be sold / reconstructed / .... This means that the main supplier of jobs will soon disappear, which means there will be an outflow of the population, which means a drop in demand for real estate. And there are a lot of such nuances. Of course, in the most advantageous position, these are the capital cities of countries. Then large industrial centers follow. Their suburbs also look attractive, where there is a more "ecological" environment, a small distance from the city, and the availability of services.

Investing in real estate is not as safe as it seems at first glance, now the crisis has affected all areas and real estate too, just remember the ghost towns in China. In addition, remember the cyclicality in the real estate market, there is an increase and there is a fall, so real estate cannot be called the safest type of savings, but in the long run it can be, especially if we are talking about real estate in good areas, because after each crisis, prices for such real estate will grow well.

Called investment, there will always be cycles and fluctuations, so real estate investment also needs to study and consider the macroeconomic situation. But if I compare investments with each other, I can say that it is the most profitable and safest investment because the demand for housing will never stop.
According to the latest statistics, the world population has reached 8 billion people and we also know that land cannot be further exploited like gold or expanded so in my opinion real estate is something that can be sold but then will be difficult to buy again.

It can be said that the economic crisis is affecting the world, not just the real estate industry, so it cannot be said that holding real estate or doing real estate business is not profitable or not causing losses.
Currently I am investing most of my assets in bitcoin, but my end goal is still real estate, it is the safest investment and asset. Because the demand for real estate or housing has never cooled down.

Just be careful where you are going to invest in Real Estate. As it's a very popular investment nowadays there are many apartment complexes being designed and built being put for sale, so investors buy them in order to earn passive income renting. The issue is that supply is too high right now, there are too many houses and apartments available for rent. Consequently there are serious risks investors face difficult when finding potential tenants. Probably a commercial property is a better idea, as there is constant demand for it, although localization is very important and must be thought carefully.

For me house in never a forced investment
one should have atleast a small roof over their head during rainy days - what would one do when he is unwell or being laid off - how are they going to pay off the rental

When it comes on having an own house, then we do know that each one of us does have different financial capacity which it is really just normal on how big or small their house to be build.
Some doesnt really have the capacity on doing so and this is why they do really end up on having a rental.Each person does have their own taking and making up decision basing into their current condition
and capacities on how they do make money.Some are really just that too hopeful or optimistic even its not really getting in line with reality and some are really that practical.
We do have different impressions and opinions in related to this.

House isn't a forced saving for a person who is in need. As most users mentioned it varies between users. Recently my friend booked an apartment for $50k, and it is in the prime location. After years the price is surely gonna increase and even if he was not in the place to use it. The builder have opted for $250 monthly rental agreement. As the money gets deducted from his salary every month this turns to be an investment. As he's in rental house earlier, now he'll be paying EMI for the home and the rental gets cancelled.

A house for yourself, where you can live and have safety it's a must in my opinion. In my previous post I just mentioned houses as a dangerous investment in case the owner wants to rent the houses for passive income. On that case it must be very well calculated, because there is already too many houses for rent everywhere and too few people in conditions to pay for a rent. And like you said, if people can't pay off the rental, properties' owners will have big losses, making this kind of investment even more risky. And that isn't an uncommon situation to happen. I've been seeing many tenants accumulating debt with renters.

I suggest only owning a house that we live in, never make a house an investment, when we build a house then with the details according to our wishes then when we want to sell it will be difficult because the buyer's tastes do not match, the cost of maintaining the house is also expensive so the price increase is not in accordance with house costs.

Never think that home or apartment investment must be profit in a few years, maybe if we count with prices will increase but the value is not necessarily increased, apartments or houses in the residential area require very expensive fees, even to cover the cost of the apartment or environmental care Sometimes higher than rising property prices.

Indeed, buying a house must be forced in any way (house instalments), it will be very difficult if you are going to have a family and or are having a family if you don't have a house and live in a rented house (boarding house) because you can be in arrears of rent payments and then be kicked out of the rented house. The thing I'm most afraid of is if it happens to anyone.
A house can also be an investment asset which will become more expensive over time because population density makes land prices more expensive, but this depends on the surrounding economic situation and the potential provided by your neighbourhood.

Investing in estates properties will really make you to grow faster in your business, because many people prefer to spend a huge amount of money to get accommodation from estate to live a good life and to have rest of mind in the environment. You can build a house when you have a family to live but as a single brother or sister, it's advisable to invest to potential estate properties that will make your future children to be proud of you for the investment you create for them. I don't think,  house have any income to add to your incomes than to be the one to spend money for the maintenance to make the house look good some months or year.

Been mentioned by others that house is liability because of the spending and maintenance that you could really do in to it but on the time that you had rented it out or it is for lease or something that generates
income then it is really considered to be an asset.It doesnt matter if you are single or family man or guy, what matter most here is that you do consider out on having investment for you to raise up your
family or something that you could give out as an inheritance into your children on the right time.No matter what type or kind of investment you would really be tending to involved on,
as long it does give out that kind of chance for you to have a decent living or something that wont be putting you up on a hard situation then it wont really that matter.

A house is a traditional investment that is very profitable, humans always need a house so that the need for housing will continue to increase, if you have a house that is still empty then the best step is to rent it out so you can get additional income and of course while waiting for the price to continue to rise.

    - What I do know is that studying to graduate from college is not bad, and we need it as the beginning of knowledge about something we don't know yet. But we must also know that finishing school is not a guarantee that it can be said to be the key to having a house or a job.

Other people had a house or what they call their dream house even though they didn't graduate from college, and their lives were even more successful than those who graduated. Because most of those who graduated did get a house but through a loan from the Bank which in turn went through in-house financing. But the others who didn't graduate got a house that didn't go through that process because they had the money to pay in full because there were businesses built. Then I know that we all dream of having our own house and land. And how we get it is in our hands.

Energy cost is the foundation of all price of product and services

Consumer wanna low price product, then engineer has to find a way to produce gadget at lower cost. The thing with industrial grade product is, it required to undergoes a special chemical treatment process. The entire manufacturing process of both the consumer and military grade products is roughly the same, (they goes through the same cleaning, chemical bonding, cleaning again, and chemical bonding again...) but consumer product often got cheapen out on certain process, that one process usually required a lot more energy cost, due to some of the chemical is absurdly expensive to buy from retailer or to produce, these chemical require high energy and high temperature to produce in the laboratory, the high energy cost must come from burning petroleum fuel, because no other fuel can generate more energy than petroleum, which often depended on to feed and power every family household in a country, every car burn petrol, every kitchen burn petroleum gas.

Nuclear power plant you said has more energy? No doubt nuclear is efficient but it would never be possible to used to power every household, nuclear energy could at best just enough to power some heavy industrial use, never would be enough or practical for household use. Due to that every product or service is having to price in underlying energy cost, a cheap product goes through very cheap manufacturing process which spend less total energy cost, there is nothing the end user can do to rectify/fix a product, to prolong the life shelf, product is purposely intended in factory to made to be obsolete in very few years, to save energy cost, the lower the energy cost the crappier the end products, but for what end game? Who know, manufacturer doesn’t want to go bankrupt, consumer doesn’t want to spend more, keep fighting.

You want quality product, pay high price, which would ensure the product is made adequately with proper manufacturing process(let’s rule out some scam attempt or rip off bootleg), but that’s often a wishful thinking, consumer would always be consumer in mindset, they would argue to dead just to get bargain as little as a few penny just for f@@k sake, so the final consumer product is as good as what it is priced, the low energy cost products.

Look at flash media as an example, in 2008, you get a 2gb at $100 dollar, but in 2020, you got 128gb at $100, you would quickly to believe you actually get a lot of bargain from the deal. isn’t it? And actually defy the rule of inflation, and the manufacturer are idiot for selling more chip at loss than ever? And in 2020 the manufacturer selling at hundreds times more loss with 128gb than the 2gb in 2008??

That’s not true, the $100 you spend to get in 2008, is at best the same the $100 you spend to get in 2020, the chip is shrinking from micrometer to nanometer, you may get the more disk space, but to think you get the same fair deal, to think the 2gb from 2008 is same BUILD quality than the 128gb from 2020 besides an order magnitude more disk space, is very childish, but that’s also how manufacturer keep getting away and consumer keep falling for the delusional thinking and buy into the inferiority, the 2gb is build to last forever, even after a few decade and all the ageing and corrosive is taken measured, the 128gb you get today hardly survive a few weeks of heavy use, that’s what you get for what you pay for.

Also the consumer appliance like smart phone, tablet, battery, toys, foods, snack, soft drink, toothpaste, dvd, video tape, table fans, TV set, sound bars, chair, toasters, oven, water heater, etc...

The underlying cost to produce bitcoin is also the the reason it’s priced. As a service provider, bitcoin serve as a financial need to transact value across border, but it also spend high energy to pull off the transfer of value. I would safely assume energy cost to produce one bitcoin is always the only parameter/fundamental to price a bitcoin in term of dollar. I dunno about all other shitcoin which promise low energy high tps and best fundamental, the lower their energy cost the shit-tier the coin is, the price of them all should be zero.

Also can be said with gold. The total energy required to produce an ounce of gold, gold is often the highest melting point among all metal, the highest energy cost required to heat the gold to melt it down into liquid and product gold bars, is the sole reason gold bars has to be priced very high, there would be no other academics study which could suggest/convince otherwise.

House is very important, I think the only houses that are soaring high are those who are inside a subdivision or a village, but if you really wanted cheaper, I think buying a lot and then build your own house is much better, at least you're sure about its quality and you'll be satisfied about the design. Rather than renting, which cost you monthly, in the end, you still doesn't have a house.

It's much better to sleep without worrying about your rent bills not getting paid on time sometimes. Also if you're gonna settle down, owning a house is a great one.

True, House is very important and becomes a human need, unfortunately the price of a house or land continues to increase so that many people cannot buy a house, but the bad facts are a lot of land controlled by capital owners so that they can control property prices, things are the country providing ease of home ownership and provide formal prices so as to facilitate home ownership