I agree with everything said here. Owning a house should be consumed as a utility, there are much better ways to grow your net worth.

Funny how these conversations are only happening now that real estate has been crashing for 4 years

SFD hasn’t moved in 10 years in many prestigious neighborhoods

Houses are not the appreciation. The debt is. If you win in real estate, it's because someone else's debt (fake money) has been given to you. That's it. Houses aren't worth shit (compared to their paper speculation value), and they cost a fuckton to maintain. This whole thing is gunna get slammed into the fucking ground it's gonna rattle entire generations. Why? Money mechanics. If for some reason home values stay crabbing or up, it'll be due to massive catastrophic monetary inflation which will be untenable for all people and businesses. So pick your poison. Nuke it all.

Seeing your home not as an investment anymore will likely happen in 🇨🇦 too as prices don’t rise much anymore, stay flat or come down a hair - depending where you live and what type of home it is (acreage, SFH, 1/2 duplex, TH or condo) .. and with ever rising condo fees, insurance costs and/or property taxes !! I asked my brother recently who owns a 4BR 3 storey TH where he raised his kids for 25+ years near Düsseldorf 🇩🇪and now lives there with his wife after all kids moved out “what is your house worth roughly?“ He said: I don’t know. It’s a non-issue to him. (Being curious and a real estate investor I’d say it’s probably worth about €250-300,000) Tough to even find comparables in Germany .. or all listings. Many online at but not all and you never see a sign in front of a house in 🇩🇪 that it’s for sale. People move very rarely as it’s very costly. Land transfer fee alone is a whooping 5%, plus 2-3% commission to realtor (seller pays the other half) plus moving costs plus huge notary costs as notaries have a local monopoly to enter the property change into the property register (Grundbuch). This lack of seeing a home as an investment will likely happen in 🇨🇦 too as markets mature and ownership & moving costs rise.

But in canada - banks won’t touch you if you don’t own any real property - 🇨🇦 game is setup to have a basic buy in to start - even a B lender doesn’t like lending to people who want to build to sell/rent but don’t own their own residence -

Residential RE was only profitable due to leverage and ZIRP policies. You take one or both away and it will ruin you.

Who ever disagrees with this a total fucken retard. No offence to the Canadians who get triggered by this

Tell that to the boomers who own 66% of homes in Canada

A house is an investment only for money launderers!

But anyone that bought 10 years ago doubled their money. What they say is true but u need financial literacy and DISCIPLINE to actually DO that

That’s not true at all

Ownership has its privileges!

Especially relevant for high earning professionals. Despite the high income, you can make a big mistake sinking too much into a home. It can significantly delay building wealth, add a lot of financial stress and eventually start affecting career decisions.

I think for most folk who have the choice and an income constraint, they can buy a home that affords a lifestyle they want, or rent (if investing the difference) and live with more compromise? If that’s so, subject to desired lifestyle, owning is the best way to growth wealth? ✌️

At time through history it’s paid off to own, but generally speaking it’s just a good shelter hedge.

Then the limited company should buy the house.

I agree but the boomers need to make their millions before they die..