I've never understood why people believe/feel that buying land and/or a house is the pinnacle of... something. Sure, it gives the person a feeling of control and stability. But rooting oneself in one labor market (vs. being mobile) decreases one's employment options and therefore their salary. It's also very risky, as it's the equivalent of putting one's eggs in one basket and leaves their financial wellbeing in the hands of the real estate market.
Renting is, unfortunately and quite inaccurately, viewed as "throwing money away." The real estate industry does a great job brainwashing people that they should buy, buy, buy, that buying a house is a great investment and a very good way to build wealth. İt's probably one of the greatest lies perpetuated in modern times.
Renting is, unfortunately and quite inaccurately, viewed as "throwing money away." The real estate industry does a great job brainwashing people that they should buy, buy, buy, that buying a house is a great investment and a very good way to build wealth. İt's probably one of the greatest lies perpetuated in modern times.