The countries where home ownership <70% are also more closely aligned with WEF, and its goal is the elimination of ownership of anything: "You will own nothing and be happy."
The infographic you published here gave me a few points I can include in a post. Is it OK if include your thread in the post I will publish? I should have it at InLeo between Friday and Tuesday.
It's definitely not for everyone. But as someone who rented and then was a nomad for years, I am very glad to be back on some private property. Yes, it's a TON of work, but in my case, well worth it. From nomad to #homestead #farmer!
Government regulation and hunger for even more taxes doesn't help either. This being said, Going outside urban centers can yield really good opportunities, both in USA and EU, and I guess elsewhere too.
In Vienna I would need to pay about 600k in € to own a home of the size I am living in now.
Also there is many social homes here where low income residents can rent and live. If you wheee not born into wealth there is no way you can buy something
So many factors. While agreeing with the mantal part, there are many cost / profit situations that make ownership unfavorable, or many simply not being able to own comfortably given challenges of getting and keeping that status.
It's called pissing away money and not building assets.
Home ownership tends not to be a money maker. Real estate as an investment property can be a good move but one's home ends up being a liability.
if the tax code is punishing you for living in space you own, it makes people buy to rent out and live in rented space at the same time.
The countries where home ownership <70% are also more closely aligned with WEF, and its goal is the elimination of ownership of anything: "You will own nothing and be happy."
The infographic you published here gave me a few points I can include in a post. Is it OK if include your thread in the post I will publish? I should have it at InLeo between Friday and Tuesday.
home ownership can be overrated depending on circumstance
Lots of extra costs, maintenance, headaches and money down. + interest rates currently are absurd
It’s different for everyone, but I’d say the average person should b a renter
It's definitely not for everyone. But as someone who rented and then was a nomad for years, I am very glad to be back on some private property. Yes, it's a TON of work, but in my case, well worth it. From nomad to #homestead #farmer!
Love to hear that! Yes under the right circumstances it can make a lot of sense
It also can be highly restrictive especially in the instance of work opportunities/transfers.
That is when it becomes an asset. Rent it out. 😁
yep definitely another factor
Government regulation and hunger for even more taxes doesn't help either. This being said, Going outside urban centers can yield really good opportunities, both in USA and EU, and I guess elsewhere too.
I'm trying to convince my gf of this
My husband and I have done both. And each situation has it's pros and cons
In Vienna I would need to pay about 600k in € to own a home of the size I am living in now.
Also there is many social homes here where low income residents can rent and live. If you wheee not born into wealth there is no way you can buy something
So many factors. While agreeing with the mantal part, there are many cost / profit situations that make ownership unfavorable, or many simply not being able to own comfortably given challenges of getting and keeping that status.