The same happens here in Brazil. A lot of people just have the need to know that they own a house and many of them prefer to buy, even though it's usually not the best option financially speaking.
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It's the same story in every developing country. Not many people realize this but buying a house and loading yourself under debt for 10-20 years is a bad idea.
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Yeah especially if technology changes the playing field completely.
This is something that few people think about.
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