Comment on Ok, boomer
howrar@lemmy.ca 1 day agoRent often isn’t too far off from the cost of buying. The main financial advantage of buying comes from appreciation, which I would say is a pretty big gamble.
Comment on Ok, boomer
howrar@lemmy.ca 1 day agoRent often isn’t too far off from the cost of buying. The main financial advantage of buying comes from appreciation, which I would say is a pretty big gamble.
Jyek@sh.itjust.works 21 hours ago
Historically housing as an investment is one of the least risky gambles one can take. They even have a saying, “safe as houses.” People will always need a place to live. Tbh, buying a house is probably safer than government bonds right now.
howrar@lemmy.ca 18 hours ago
People will always need a place to live, yes. We also always need food, and general safety from harm. A home is no good if you lose any of the other two while living there. That can happen if, for example, the government or your neighbours decide that your kind is undesirable, or an arbitrary trade war forces businesses in your area into downsizing/bankruptcy and losing you the jobs that paid for your food, or the same happening to farms in the area. How big these risks are will depend a lot on where you are and who you are.