/biz/ - Business & Finance

>>56439307
the only point in owning a home is to gain wealth in an asset, its the lowest hanging fruit for people to accumulate wealth. Your average joe doesnt day trade, invest in stock (aside from a typical 401k maybe) or gamble on shitcoins. So they buy a house and thats it, its their only financial asset and it makes the most sense since you get to live in it for as long as you can afford the mortgage (death clause). If youa re able to accumulate wealth in other ways, it may make more sense to just rent, especially if you plan on moving around from town to town and dont want to settle down somewhere. Some people like having that freedom. Sure you have 0 equity when renting but if you do it right, youll have more wealth in your other investments to make up for not owning a home.

I have never owned a home but I would like to.