• Jyek@sh.itjust.works
    link
    fedilink
    arrow-up
    6
    ·
    17 hours ago

    Historically housing as an investment is one of the least risky gambles one can take. They even have a saying, “safe as houses.” People will always need a place to live. Tbh, buying a house is probably safer than government bonds right now.

    • howrar@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      15 hours ago

      People will always need a place to live, yes. We also always need food, and general safety from harm. A home is no good if you lose any of the other two while living there. That can happen if, for example, the government or your neighbours decide that your kind is undesirable, or an arbitrary trade war forces businesses in your area into downsizing/bankruptcy and losing you the jobs that paid for your food, or the same happening to farms in the area. How big these risks are will depend a lot on where you are and who you are.