The real estate market is not an asset!
What is the reason for old houses, with no renovations, increasing in price to the level of a new house?
I’m talking about already constructed homes, not new ones!
If you understand economics, you will realize that the buying and selling of old houses do not generate any wealth for the GDP of any country!
This is the point!
The point I’m trying to make is that individuals need to plan their finances to be able to purchase a home and may have to make compromises or get creative. The price of a home will fluctuate whether new or existing based on a number of factors. Most likely, they will continue to go up.
My advice for everyone is to try to get their net worth in the positive as soon as possible then look for ways to benefit from inflation. Take advantage of the system not be taken advantage of!
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