Quote:
Originally Posted by MITCHAY
I'm a firm believer that houses shouldn't be an investment but it is what it is.
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Same here, I don't think it should be permitted to treat housing as an investment.
It used to be that you'd buy a house so that you had somewhere to live when you retired to enjoy the last years of your life. My preservation age is 60 and my pension age 67, assuming the government don't change either one before I get there.
There's a whole lot of people not even making it to that age, so you're pretty much working your guts out and making do with the bare minimum in the best years of your life with the hope of one day paying off your own house.
If you make it that far, you get to live in it debt-free for a few years until you die. Doesn't that sound wonderful?