Before buying a house, save the money and pay for it at once without creating long term debt along the next decades. As I see, the terrible idea isn't to buy a house, but to buy a house on credit. And the same goes for any other thing you are going to acquire. Do your best to always pay at sight, while asking for a discount. Only buy on credit if there aren't any interest rates going to be charged from you.

Buying a house is a great investment which is much more stable and safe than holding Bitcoin, although both categories of investment are totally different. Each of them have their respective pros, and just like any other investments, the more volatile an investment is, more promising the potential profit can be, while more stable investments tend to be less profitable.

I think the creator of this thread should stop giving people reasons not to own a house, everyone's dream is to grow into an adult and be financially capable of owning their own homes, moreover the benefits he stated is enough reason for people to own a house or houses.
 Real Estate is a very lucrative investment infact one of the best in modern times, It's nice to trust Bitcoin and believe it's potential but that does mean he should be giving people the impression that there are no good investments asides Bitcoin, I respect his opinion concerning both but his statement is wrong cause every good investor should be open to diversification.

I believe liberty made such statements based on his information and knowledge about cryptocurrency investment because at some point in time he did mention that cryptocurrency is a frigile investment which to me is somewhat out of proportion because, even though cryptocurrency doesn't have physical representation that doesn't have anything to do with it security of investment, and for any sensitive individuals, protecting your cryptocurrency investment is same as you protect all other internet related security, just like your email, banking informations, and the rest of all the other sensitive informations, you use online.

I completely agree with this. Buying a home for living in it is a different thing, and buying a property as an investment is a different thing and we need to know what we are talking about here. A person willing to buy a property because he has enough money to do that is never a good idea. No doubt, Bitcoin is a great investment because it tends to provide ROI way quicker than traditional investment options, but that doesn't mean real estate businesses aren't profitable.

As said by Fiatless, in our country as well, you don't pay that much money in taxes each year, and if your property is in a good location, the price will appreciate pretty quickly unless you have bought your place in a location where there isn't much population hence not enough demand for properties.

That being said, real estate investments might not be for everyone, but those who can afford to do it, it can be a great way to diversify your investments and build future assets.

Buying a house can only be a great investment if you are making consistent profits out from it. But if you just buy your house so you can have your own shelter for your family, I don't see it as an investment either. It's actually a necessity for survival.

However, if you plan to sell it in the future and make some good renovations, it could be an investment but it's nothing compared to bitcoin investment wherein you can buy low and turn 5x or 10x your profits in the future.

Per CNBC (a top financial news outlet in the US), 82% of recent home buyers  in the US say they regret their purchase.
44% say they have to keep getting into deeper and deeper debt to maintain their standard of living.

Why Homeowners Are Struggling To Afford Monthly Expenses (Aug 5, 2024)
www.youtube.com/watch?v=7dCfvhvX3K0


Keep in mind, home ownership in America used to be much easier and much more affordable 30 or 40 years ago.
But today it is out of reach and/or too burdensome for most people. The housing market is probably even worse in many Asian countries.

Just because you own a valuable house doesn't mean you are financially well off. The wealth represented by your home is only on paper and realized only when you sell it. The rise in home ownership costs has far outpaced wages creating an affordability crisis. There is a saying "house rich, cash poor." The expenses of home ownership  are endless. Property tax, homeowner insurance, flood and fire insurance, maintenance costs (both expected and unexpected), mortgage principal and interest, etc.

When the value of your house goes up, so do your property taxes and other costs since property taxes are based on the assessed value of your home. On top of that, local government can decide to raise your property taxes at anytime for any reason, giving you another nasty surprise.
If you can't or won't pay it? They seize your house and kick you to the curb. Property taxes rarely if ever go down, only up.

What scares me about home ownership is being exposed to the tyranny of local government, who look at you as just another target for legalized extortion.

And what happens if you suddenly get laid off or lose your job with no means of paying your mortgage, property taxes, etc? Well I guess you can kiss your house goodbye.

When you own your own home, without a mortgage, your living costs are reduced dramatically.

This is because housing is the largest expense for the vast majority of people.

Once you remove that cost, you will be able to invest more money, which will generate more money to you, and so on.

Therefore, the idea of owning a home is great, financially speaking.

Now, if you got a massive mortgage, and you are struggling to pay it every month, and will continue to do so for the next 30 years, then you are simply renting from the bank, with added expenses. You might even lose your home in those 30 years if you can't keep up.

Owning a home is not the problem, having a massive debt is.

In the country where I live, the numbers are about the same, which means that the conclusions about investing in a house and not buying cryptocurrencies can be made similar to what you did.
I agree that a house has not been a good investment for a long time, because now we live in a time when it is better to have a deposit in cryptocurrency. And there are many financial instruments, such as staking, so that this deposit adds even more money. In my opinion, this is much better than investing in real estate.

more than that, owning a house will make you have to pay the tax for the land and also the building itself. I don't live in America, but that's the case here at my country. if we rent it out, we have to pay for the maintenance also.

I think if we use property as our main source of investment, it isn't worthy, especially if we own the home personally. it also will take a quite long time for the ROI.