Is Housing a LOUSY Investment? Real Estate Investing 101
Whether or not housing is a bad investment depends on a variety of factors such as the current housing market, your financial situation, and your long-term goals.
In some cases, buying a house can be a good investment. Historically, real estate has tended to appreciate in value over time, which means that the value of your home may increase over the years, providing you with a return on your investment. Additionally, owning a home can offer other financial benefits, such as tax deductions for mortgage interest and property taxes.
However, owning a home can also come with costs and risks that may make it a bad investment in certain situations. For example, if you are not financially stable and are unable to make your mortgage payments, you could lose your home to foreclosure. Additionally, owning a home comes with ongoing expenses such as property taxes, homeowners insurance, and maintenance costs, which can add up over time and reduce your overall return on investment.
Ultimately, whether or not housing is a good investment depends on your individual circumstances and goals. It’s important to carefully consider the costs and risks associated with buying a home before making a decision. Consulting with a financial advisor or a real estate professional can also help you make an informed decision.
They specifically pointed out how office and apartment building prices are down over the last year, but that the single family home sector was actually “resilient”.