Post #1890723

2026-03-01 17:05 UTC

You need shelter. You can pay money and have nothing at the end, or you can put it into equity. Owning a home is the best investment you'll make in your life. The maintenance costs are trivial. Beg, borrow or steal whatever you need to afford the shittiest little thing you can afford and upgrade later. House prices going down in Toronto are not a reason to ignore the value of home ownership. They're an opportunity to get yourself out of rentals. This author is on drugs.

Replies (4)

@kent_eh@lemmy.ca 2026-03-01 17:39

> You need shelter. You can pay money and have nothing at the end, or you can put it into equity. I generally agree, a home should **not** be primarily thought of as an investment. It's a roof over your head that you have more control over than if you were living in a rental. And after a period of time, you actually own it and no longer have to keep paying someone else for the privilege of having a place to live.

Open ##1890739
@sbv@sh.itjust.works 2026-03-01 19:05

We need shelter, but our governments have stopped ensuring it's attainable. Tax policy encourages people to treat their home as an investment by exempting it from capital gains. Other tax policy has made the construction of rental units less attractive to developers. Our federal, provincial, and municipal governments stopped building affordable and low income housing. (There's also the zoning/NIMBY crap, but that's been discussed to death)

Open ##1890740
@GuyIncognito@lemmy.ca 2026-03-02 19:27

90+% of people in China own their own homes, and a lot of that is apartments. Not treating housing as a financial instrument doesn't mean "everyone rents"

Open ##1890741
@villasv@lemmy.ca 2026-03-03 03:22

> Owning a home is the best investment you’ll make in your life. Sure grandpa, let’s take you to bed

Open ##1890742