This is the argument that buying a house serves as a subpar, forced investment for most people.
But I don't know if I agree with you, I understood in my twenties that housing was generally a bad investment. We are now 10 years later and I invested everything in the stock market instead and came way ... way ahead than if I bough one or more houses.
I personally find it way way more scary to buy an average 2M$ house that could crash and lose half of its value overnight than the whole American economy that is relatively diversified.
What happens if there is a fire in your neighborhood? Or if your city is the next Detroit?
We have been made to believe a house is a safe investment. I personally think it's the scariest least diversified investment you could ever make.
But I don't know if I agree with you, I understood in my twenties that housing was generally a bad investment. We are now 10 years later and I invested everything in the stock market instead and came way ... way ahead than if I bough one or more houses.
I personally find it way way more scary to buy an average 2M$ house that could crash and lose half of its value overnight than the whole American economy that is relatively diversified. What happens if there is a fire in your neighborhood? Or if your city is the next Detroit? We have been made to believe a house is a safe investment. I personally think it's the scariest least diversified investment you could ever make.