Why buying a home is usually a terrible investment (vs buying bitcoin).

[icalical]

Buying a home or owning a home brings more than what you said about paying taxes etc. We save funds that we spend on renting houses, and we save on food that we will buy from restaurants or hotels because in our home we will be buying in bulk, and cooking food at home for 5 people is much cheaper than in hotels or restaurants. There are many other things to consider besides just cooking and eating.

The point is houses are definitely not a good investment financially but inheriting to kids is a big investment.

There are houses in my place that gave 10 over the 10 years so yeah financially houses are not good investments. They won't be a good investment and there is a study that shows that renting a place is much cheaper than owning a house.

To me continental or othe few reasons been mention here above shouldn't be the reason why renting a home is more preferable than building a house, normally once a man income becomes stable , home comfort should be highly consider, we shouldn't see building a house as what is more beneficial for our children to inherit, in my country here building a house for rentage is a good and lucrative business because taxes and so on do not much apply. Though it is more beneficial to houses that are located in the urban areas.

I understand your take from the perspective of homeownership, but that changes quite a bit with location and specifics. For example, in 2024, most family in major cities in Indonesia consider that it is cheaper to rent than to buy a house with mortgages. That is why this trend is fueled through high-rising prices of homes and the increased rates of mortgages, which keep buying a home beyond the reach of an average fellow even if he pays high rents.

That said, buying a house is not all about financial gains. As you said, besides being a source of comfort in having a place called home, in several countries it is a very lucrative business to build homes for letting. Particular being a landlord in a city offers good opportunities to earn regular income from tenants. Yet, it is important to take into consideration all those aspects of maintenance costs, taxes, long-term investment that come into play when weighing up the advantages of being a house owner against renting. Each has a plus and negative side to it, depending on what your priorities are and what the market conditions are.

[nullama]

~snip~
I understand your take from the perspective of homeownership, but that changes quite a bit with location and specifics. For example, in 2024, most family in major cities in Indonesia consider that it is cheaper to rent than to buy a house with mortgages. That is why this trend is fueled through high-rising prices of homes and the increased rates of mortgages, which keep buying a home beyond the reach of an average fellow even if he pays high rents.

That said, buying a house is not all about financial gains. As you said, besides being a source of comfort in having a place called home, in several countries it is a very lucrative business to build homes for letting. Particular being a landlord in a city offers good opportunities to earn regular income from tenants. Yet, it is important to take into consideration all those aspects of maintenance costs, taxes, long-term investment that come into play when weighing up the advantages of being a house owner against renting. Each has a plus and negative side to it, depending on what your priorities are and what the market conditions are.

Although it is usually true that renting is cheaper in some cases than buying the same home, there's a catch.

It's all fine if you are young and want to have the flexibility of rent. But when you get older, you might want to have a place to stay where you know that you won't be kicked out because the owners decided to move in.

If you are, say, 80 years old, I don't think you would be comfortable moving out of your rental and start applying for another place, which actually you might not be able to secure because of the competition.

People might not want to rent to you because they might think you won't be able to pay rent since you are retired.

It's quite a bad picture when you think about it.

[NewRanger]

I'm not saying that owning a house is a bad thing, there are certainly benefits to home ownership. It provides you with a place to live, you can borrow against it,
you can pass it down to your kids, etc. If you just want to have a place to live and call your own then owning a house may be a great idea for you, but don't think of it as some kind of
incredible financial investment because it is not as great as you may think.

It depends on the placement and function, But, for me it is a primary need but if we consider it as the main alternative investment that will move quickly it might not be quite right as you mean above because what happens in the field every time we want to sell an asset like a house, when we need money and want to sell it, it takes time to get a fair price where in any condition the buyer is king and he is free to bid according to the estimated plan he wants. Yes. The average owner will eventually let it go, especially when he needs quick cash. Right now, my view is that it's better to just focus on buying BTC first if we still have some.

That's because the owner of the property you are renting might want to live in there later on.

The point is that paying rent is fine as a temporary solution, but it doesn't give you a place to sleep forever necessarily, even if you have the money to pay for it.

I agree with this opinion, it may be quite relevant to anyone's condition, both those who are married and those who are not. I think everyone has a dream to have their own home even though their current income is only enough to meet their monthly needs because we know that house rental prices are always increasing, especially if the place we live temporarily is quite strategic and this usually happens anywhere.

[AprilioMP]

In addition to the benefits that we can get from renting, as an asset, the house can later be used as an inheritance given to children. This (giving a house to children has become a culture, especially for girls).
Not always investing in a house is used as a way to get a steady income even though compared to other investments that have greater profits, but on the other positive side, we get extraordinary benefits.

The main focus when we buy a house of course is this as a primary need where the house is a place to shelter us and the little family we have and I think this must be realized that before becoming a business field (where this can be used as an investment or rented out) of course we must be aware of what the function of the house is for.

Here, in this section if mentioned the main focus of buying a house as a primier needs can be agreed. For those who already have a home and invest in real estate, of course, have enslaved profit or income that remains every year. Surely this business requires a large fee and does not apply to people whose economy is middle to lower.
As for Bitcoin investment, people with the economy are middle to lower can still do it even though the purchases made are not in large quantities, at least he can do regularly after his basic needs are met.

[samanclinic]

Yeah, homeownership isn't the slam dunk investment people often make it out to be. The appreciation in home value can be offset by high interest rates and ongoing costs like taxes and repairs. Plus, in the early years of a mortgage, most of your payments go toward interest, not building equity.

[icalical]

~snip~
I understand your take from the perspective of homeownership, but that changes quite a bit with location and specifics. For example, in 2024, most family in major cities in Indonesia consider that it is cheaper to rent than to buy a house with mortgages. That is why this trend is fueled through high-rising prices of homes and the increased rates of mortgages, which keep buying a home beyond the reach of an average fellow even if he pays high rents.

That said, buying a house is not all about financial gains. As you said, besides being a source of comfort in having a place called home, in several countries it is a very lucrative business to build homes for letting. Particular being a landlord in a city offers good opportunities to earn regular income from tenants. Yet, it is important to take into consideration all those aspects of maintenance costs, taxes, long-term investment that come into play when weighing up the advantages of being a house owner against renting. Each has a plus and negative side to it, depending on what your priorities are and what the market conditions are.

Although it is usually true that renting is cheaper in some cases than buying the same home, there's a catch.

It's all fine if you are young and want to have the flexibility of rent. But when you get older, you might want to have a place to stay where you know that you won't be kicked out because the owners decided to move in.

If you are, say, 80 years old, I don't think you would be comfortable moving out of your rental and start applying for another place, which actually you might not be able to secure because of the competition.

People might not want to rent to you because they might think you won't be able to pay rent since you are retired.

It's quite a bad picture when you think about it.

oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

[Nrcewker]

I don’t know the rules and regulations about the US, but in my country, we don’t pay tax to own a house. We buy land and build the house on our own land with our own money. Now we are the only owners of the house, and no government can interfere or force us to pay tax for the house. Moreover, we know that as the land costs increase, so does the house price; therefore, it is a good investment, according to me. But yes, you need to have a large amount of money before buying a house. But in the case of Bitcoins, you can buy with any amount, and it provides high returns in a shorter amount of time.

[nullama]

~snip~
oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

Most mortgages these days are for 30 years, so you have to be relatively young to get it in the first place.

If you are in your 40s, 50s, then the chances of even getting a mortgage might start to decline, as you would have to be paying for the mortgage after your retirement age.

I'm not sure what will happen, but clearly things are changing, and home ownership age is increasing.

But at the end of the day, if you are paying for your mortgage for your entire life, then it's almost the same as renting in the end.

[dunfida]

~snip~
oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

Most mortgages these days are for 30 years, so you have to be relatively young to get it in the first place.

If you are in your 40s, 50s, then the chances of even getting a mortgage might start to decline, as you would have to be paying for the mortgage after your retirement age.

I'm not sure what will happen, but clearly things are changing, and home ownership age is increasing.

But at the end of the day, if you are paying for your mortgage for your entire life, then it's almost the same as renting in the end.

If you are already old or someone whose really that in 40's on which 30 year plans or mortgage isnt something that would really be approved by banks or any financing or developer in regarding into your unit.
Of course they would really be trying out to secure that they will not be able to get some loses because approving someone whose really that old which most likely they will really be failing out on finishing the contract.
As we do all know that banks wont really be that stupid enough for them to make out that kind of approval. In speaking about investment with Bitcoin or buying up your own house then it will really be just that depending on you on which whether you would really be focusing on buying up Bitcoin instead on saving up for your dream house or you would really be that saving up for  you to buy Bitcoin on which it would really be entirely depends into your preference and plans or liking.

I do really always love the idea on having that renting even if we do say that Bitcoin doesnt exist. Why? There would really be factors on which you would really be needing up to consider
whether you should be taking up the rental path or would be making your own house. If it turns out that it would be practical to leave on an apartment just because your job is really near
or your kids school is nearby in comparing when living on a place which is too far off and having that huge expense to gas then its impossible that you cant really be able to make out such comparisons.

[fuguebtc]

I don’t know the rules and regulations about the US, but in my country, we don’t pay tax to own a house. We buy land and build the house on our own land with our own money. Now we are the only owners of the house, and no government can interfere or force us to pay tax for the house. Moreover, we know that as the land costs increase, so does the house price; therefore, it is a good investment, according to me. But yes, you need to have a large amount of money before buying a house. But in the case of Bitcoins, you can buy with any amount, and it provides high returns in a shorter amount of time.

I think you missed something, I don't think anyone can own land or a house without paying tax, you need to pay tax but the tax rate will be different in each country. To own land, you need to complete the purchase and sale procedures and have your ownership recognized by a state agency . During that process, both the buyer and seller have to pay some regulatory fees and that could be the tax you paid to the government.
In my country we also don't have to pay taxes monthly or yearly, but we have to pay taxes every time we own a new property and we only have to pay it once .


Bitcoin is not a get rich quick investment , but if you compare investing in land and bitcoin, you would be right in saying that bitcoin gives higher returns in the short term .

[dificanovi]

For someone who does not know about cryptocurrency, most of them think that investing in a house is a very good thing. However, for someone who already has a house and knows about cryptocurrency, he will choose to trade and invest in cryptocurrency rather than adding a house as an investment. One of the very good cryptocurrencies at this time to invest in is Bitcoin. I say Bitcoin is one of the good cryptocurrencies to invest in because the price of Bitcoin from year to year always increases, even in the last 10 years, Bitcoin has increased many times over from its price in 2015, which is around $ 300 - $ 450 and now the price of Bitcoin has reached $ 58,300. If we had invested in Bitcoin in 2015 around $ 10,000, maybe at this time we would be sleeping on a pile of money. Unlike investing in a house in 2015, we will indeed get profit but not as much as the profit we get if we invest in Bitcoin.

[MorganaX]

Owning a house might not be a good idea in the US, but it is lucrative in other countries. I know that there are countries where the price of houses appreciated more than 5%-6%. In my country, houses' value can appreciate 100% in five years depending on the location. If you live in an area experiencing a population explosion and increased tourism, you might understand my view.

There was an anti-tourism protest in Malaga, Spain because the the price of rent increased by 16.5% in a single year. House owners in such locations will be making good profits. There are also some countries where the government doesn't charge as high as 1% yearly property tax. In some countries, property tax doesn't even exist. Bitcoin is a good investment, however, diversifying your investment to the property business is not also a bad idea.

I think you have said it all in your second paragraph because that's exactly what I think too, in respect of which and what country u think the major and ultimate thing here is that diversification of investment is the winner because when you diversify your investment their are higher chances of you actually making profits and even a good one at that although like you said some places owner a house is too much expenses, but spreading the investment around would cover for any loop hole in one area of investment that's actually struggling.

[nullama]

~snip~
If you are already old or someone whose really that in 40's on which 30 year plans or mortgage isnt something that would really be approved by banks or any financing or developer in regarding into your unit.
Of course they would really be trying out to secure that they will not be able to get some loses because approving someone whose really that old which most likely they will really be failing out on finishing the contract.
As we do all know that banks wont really be that stupid enough for them to make out that kind of approval. In speaking about investment with Bitcoin or buying up your own house then it will really be just that depending on you on which whether you would really be focusing on buying up Bitcoin instead on saving up for your dream house or you would really be that saving up for  you to buy Bitcoin on which it would really be entirely depends into your preference and plans or liking.

I do really always love the idea on having that renting even if we do say that Bitcoin doesnt exist. Why? There would really be factors on which you would really be needing up to consider
whether you should be taking up the rental path or would be making your own house. If it turns out that it would be practical to leave on an apartment just because your job is really near
or your kids school is nearby in comparing when living on a place which is too far off and having that huge expense to gas then its impossible that you cant really be able to make out such comparisons.

Yeah, I agree that renting is a more flexible life, and it sounds great.

Until you realize that you are basically allowing another person to have full control of where you live.

They can at any point kick you out.

That kinda goes against the idea of Bitcoin, where you basically take care of your life, and don't depend on other people.

I think owning your own home is an important thing that is not happening too often for the new generations because the prices are going insane.

[Ultegra134]

Yeah, I agree that renting is a more flexible life, and it sounds great.

Until you realize that you are basically allowing another person to have full control of where you live.

They can at any point kick you out.

That kinda goes against the idea of Bitcoin, where you basically take care of your life, and don't depend on other people.

I think owning your own home is an important thing that is not happening too often for the new generations because the prices are going insane.

Renting provides flexibility, especially if it's a furnished apartment; you can pretty much move in the span of a few days. However, that doesn't mean that if you're a homeowner, you have zero flexibility. You can simply rent it out; the housing market is nuts; you'll find a renter within a few days, enabling you to move using the money you're passively receiving. Comparing Bitcoin investing with real estate makes no sense; they are two completely different sectors; both have advantages and disadvantages; real estate, though, provides a lot more options in terms of versatility, such as renting, flipping, or living in it.

I personally would prefer owning than renting; you have much more freedom in your own home, and you don't have to interfere with unpleasant homeowners who don't care about you or the property they are renting. Bitcoin investment is a completely different sector that shouldn't be compared to, you can always pursue both.

[HelliumZ]

Whether one buys a house, car, or real estate is a personal decision to invest in. There are many people who feel more comfortable investing in Bitcoin instead of keeping money in gold or banks. For them Bitcoin is above all investments but there are many people who feel too risky to invest in Bitcoin and also think that Bitcoin is an invisible currency which does not exist so they don't want to invest in this non-existent currency. But in my view investing in Bitcoin and holding it for the long term is the best decision but one has to be patient and take long term risk.

[Antotena]

oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.

I don't it's right for me to compare my region with people that are staying in the west side. Owning a home here is like been a boss of your own because right now, building a house can be done according to your budget and the inflation right now has make it so hard for people to pay rent even though cost of building is still affordable. The minimum wage is still the same, so it's better to build a house comfortable over buying a Bitcoin but if you have the money to do the both, it's great.

There is another advantage I see in owning a house, here there is no much appreciation on the house it self, you might be doing some basic maintenence check but you see that land, it's the oil money. If you own a house in a developed area, you are guarantee of making your money back. Don't forget that if you also build a house here, you can get huge amount of money when you let it out to people especially in remote areas where activities are happening.

[Dr.Bitcoin_Strange]

The point is that paying rent is fine as a temporary solution, but it doesn't give you a place to sleep forever necessarily, even if you have the money to pay for it.

That's true, but some people still prefer to keep paying rent until they pass on, I know of someone like that in my region, he was paying rent till he pass away, he didn't build or buy a house for himself. Personally for me, I feel it's necessary that at some stage in life, one need to have their personal house that they have bought or built for themselves. Buying a house is quite expensive, so, renting is just like a temporary solution to have shelter but if one has enough money later to get a permanent home, it's better off.

[RockBell]

For someone who does not know about cryptocurrency, most of them think that investing in a house is a very good thing. However, for someone who already has a house and knows about cryptocurrency, he will choose to trade and invest in cryptocurrency rather than adding a house as an investment. One of the very good cryptocurrencies at this time to invest in is Bitcoin. I say Bitcoin is one of the good cryptocurrencies to invest in because the price of Bitcoin from year to year always increases, even in the last 10 years, Bitcoin has increased many times over from its price in 2015, which is around $ 300 - $ 450 and now the price of Bitcoin has reached $ 58,300. If we had invested in Bitcoin in 2015 around $ 10,000, maybe at this time we would be sleeping on a pile of money. Unlike investing in a house in 2015, we will indeed get profit but not as much as the profit we get if we invest in Bitcoin.

This is not about whether owning a home is good or not it is very good, owning your home is one of the best things that can happen to you because when you are in your own house you don't have to bother about paying rent or not and you will be able to focus on other things because now rent is becoming more expensive even as all of love bitcoin it will be best for us to get how necessary things in place then you can invest without any hesitation or even thinking about bills, and you cryptocurrency investment will even be more flexible than renting and all your money is there and you are not making profit then how do you deal with all this because it will just make you sell some assets.

when you own your own house holding for a long time will even be more interesting we know how Bitcoin works that the price can always walk around the same circle of price and you can not always predict what will happen in crypto and that is why, the analysis you are doing when bitcoin was around 300 hundred dollars it would have been the best time but how many of us invested in bitcoin. and then everyone was see Bitcoin as shit but now am still with the fact that you settle basic needs.

[SamReomo]

It's all fine if you are young and want to have the flexibility of rent. But when you get older, you might want to have a place to stay where you know that you won't be kicked out because the owners decided to move in.

I guess that explains it pretty well, and I believe that 100% true. Other than that in rental property we can't do anything as we aren't the owners of the property and none of our children will inherit anything from that home which we haven't bought.

Rent can be good only when you don't own your house but if you have a house then it's 100x better to avoid renting. I used to live in a rent house and I can say that it's quite painful to live in someone else's house and pay rent to him on monthly basis.

Now, I'm in my own house, and the experience of living in my own house is way good than that of living in rented house. I'm emotionally and mentally more stable and happy in my own house now, but back then I wasn't happy at all.

Those who say investing in your own house isn't a good things are the ones who either already own a house or they fear from the high cost of buying an house, but they neglect the advantages of ones own house.

[Tungbulu]

At some point, you absolutely right, but looking at it from a different POV, I’m pretty sure a few persons might not completely agree with you. Different people going into an investment may have different investment goals as well as different expectations from the investment. I might interest you to know that some people who choose a a particular form of investment may not necessarily be there for the profit or how much the investment is going to produce. Some people invest simply just for wealth preservation purposes, so they choose an investment they feel safe with. A person may actually believe in the potential of Bitcoin in the long term but not sure about just how long Bitcoin will be in existence, and this may not make them consider Bitcoin as a better option for wealth preservation, but when you acquire a home, you are sure that the house will always be there for as long as you decide to keep it. So it totally depends on the Investor’s goals and expectations.