House is a forced saving

[doomloop]

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.

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.

[Smack That Ace]

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.

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.

[teiviet]

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.

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.

[xSkylarx]

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.

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. 

[Crypto Legend]

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.

[philipma1957]

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.

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

[lizarder]

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.

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.

[dunfida]

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.

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.

[Semar Mesem]

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.

[Mauser]

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 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.

[Wong Goblog]

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

[lizarder]

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.

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.

[panganib999]

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.

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.

[lalabotax]

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.

[Lubang Bawah]

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.

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 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.

[fadhilz123]

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.

[Marvell1]

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.

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.

[xSkylarx]

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.

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.

[Party24*7]

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

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.

[DrBeer]

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

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.