Yeah. I would agree. I purchased my first home in april of last year. I think i paid a about 10% more than what its worth but in the end i have .5 acres and a reasonable 3 bedroom home. Approx. 1200 sq ft. For 115k. In louisville ky. Not bad imo for a starter home. Needs work but had new ac, roof, and water heater installed 1 year before i moved in. Trying to not live above my means as an engineer. Im a huge diy guy so if something needs fixing. I can take care of it 95% of the time.
I bought my first home 3 years ago, sold it after two years for a 130k profit, bought a new house, halved my mortgage and its value has easily doubled after a year of doing hard work on it. I could probably get freehold in this market.
I don't think property is ever a bad investment unless you can't afford it. The market crashes, you are left with land that you can turn into what you want. Crypto, stocks, gold etc, if their value drops they lose the only useful thing about them. Land will always be the most important asset, I think perhaps people are only just starting to recognize this.
I agree with you. Only thing about property is that the government can take it.
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