Post by tonymcfallen on Sept 19, 2020 8:06:30 GMT -5
One reason why homeownership is promoted is because it creates an asset for individuals to invest and accumulate their wealth. Taking out a mortgage and investing in property is seen as a wise economic decision; instead of paying rent, homeowners can pay off their debts, accumulate wealth and have a home to live in, all at the same time. It seems like some of the most stable investments we can make nowadays are certain property markets in cities where people assume that prices will always remain high.