/biz/ - Business & Finance

>>58471283
because buying something like S&P500 gives a better return and is a better more liquid asset. A home is a liability.

S&P500:
>you can sell at any point in time
>you can sell just the necessary amount you need
>It appreciates 10% a year on average if not more
>you can draw a passive income from your investment
>the more money you put into it, the more money you get back each month

A Home:
>You're tied into one asset
>It keeps falling apart
>you need to pay insurance
>you need to maintain it
>you're not guaranteed to sell when you want
>the price is dependent on the housing market and the local community
>you have a mortgage you pay to every month
>you pay less per month than renting, but all your money is tied up in the house

A home is a luxury and can give a lot of fulfillment and happiness, but financially it's not a good investment.