OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
