Topic: House is a forced saving (Read 1314 times)

True, House is very important and becomes a human need, unfortunately the price of a house or land continues to increase so that many people cannot buy a house, but the bad facts are a lot of land controlled by capital owners so that they can control property prices, things are the country providing ease of home ownership and provide formal prices so as to facilitate home ownership

House is very important, I think the only houses that are soaring high are those who are inside a subdivision or a village, but if you really wanted cheaper, I think buying a lot and then build your own house is much better, at least you're sure about its quality and you'll be satisfied about the design. Rather than renting, which cost you monthly, in the end, you still doesn't have a house.

It's much better to sleep without worrying about your rent bills not getting paid on time sometimes. Also if you're gonna settle down, owning a house is a great one.

Energy cost is the foundation of all price of product and services

Consumer wanna low price product, then engineer has to find a way to produce gadget at lower cost. The thing with industrial grade product is, it required to undergoes a special chemical treatment process. The entire manufacturing process of both the consumer and military grade products is roughly the same, (they goes through the same cleaning, chemical bonding, cleaning again, and chemical bonding again...) but consumer product often got cheapen out on certain process, that one process usually required a lot more energy cost, due to some of the chemical is absurdly expensive to buy from retailer or to produce, these chemical require high energy and high temperature to produce in the laboratory, the high energy cost must come from burning petroleum fuel, because no other fuel can generate more energy than petroleum, which often depended on to feed and power every family household in a country, every car burn petrol, every kitchen burn petroleum gas.

Nuclear power plant you said has more energy? No doubt nuclear is efficient but it would never be possible to used to power every household, nuclear energy could at best just enough to power some heavy industrial use, never would be enough or practical for household use. Due to that every product or service is having to price in underlying energy cost, a cheap product goes through very cheap manufacturing process which spend less total energy cost, there is nothing the end user can do to rectify/fix a product, to prolong the life shelf, product is purposely intended in factory to made to be obsolete in very few years, to save energy cost, the lower the energy cost the crappier the end products, but for what end game? Who know, manufacturer doesn’t want to go bankrupt, consumer doesn’t want to spend more, keep fighting.

You want quality product, pay high price, which would ensure the product is made adequately with proper manufacturing process(let’s rule out some scam attempt or rip off bootleg), but that’s often a wishful thinking, consumer would always be consumer in mindset, they would argue to dead just to get bargain as little as a few penny just for f@@k sake, so the final consumer product is as good as what it is priced, the low energy cost products.

Look at flash media as an example, in 2008, you get a 2gb at $100 dollar, but in 2020, you got 128gb at $100, you would quickly to believe you actually get a lot of bargain from the deal. isn’t it? And actually defy the rule of inflation, and the manufacturer are idiot for selling more chip at loss than ever? And in 2020 the manufacturer selling at hundreds times more loss with 128gb than the 2gb in 2008??

That’s not true, the $100 you spend to get in 2008, is at best the same the $100 you spend to get in 2020, the chip is shrinking from micrometer to nanometer, you may get the more disk space, but to think you get the same fair deal, to think the 2gb from 2008 is same BUILD quality than the 128gb from 2020 besides an order magnitude more disk space, is very childish, but that’s also how manufacturer keep getting away and consumer keep falling for the delusional thinking and buy into the inferiority, the 2gb is build to last forever, even after a few decade and all the ageing and corrosive is taken measured, the 128gb you get today hardly survive a few weeks of heavy use, that’s what you get for what you pay for.

Also the consumer appliance like smart phone, tablet, battery, toys, foods, snack, soft drink, toothpaste, dvd, video tape, table fans, TV set, sound bars, chair, toasters, oven, water heater, etc...

The underlying cost to produce bitcoin is also the the reason it’s priced. As a service provider, bitcoin serve as a financial need to transact value across border, but it also spend high energy to pull off the transfer of value. I would safely assume energy cost to produce one bitcoin is always the only parameter/fundamental to price a bitcoin in term of dollar. I dunno about all other shitcoin which promise low energy high tps and best fundamental, the lower their energy cost the shit-tier the coin is, the price of them all should be zero.

Also can be said with gold. The total energy required to produce an ounce of gold, gold is often the highest melting point among all metal, the highest energy cost required to heat the gold to melt it down into liquid and product gold bars, is the sole reason gold bars has to be priced very high, there would be no other academics study which could suggest/convince otherwise.

    - What I do know is that studying to graduate from college is not bad, and we need it as the beginning of knowledge about something we don't know yet. But we must also know that finishing school is not a guarantee that it can be said to be the key to having a house or a job.

Other people had a house or what they call their dream house even though they didn't graduate from college, and their lives were even more successful than those who graduated. Because most of those who graduated did get a house but through a loan from the Bank which in turn went through in-house financing. But the others who didn't graduate got a house that didn't go through that process because they had the money to pay in full because there were businesses built. Then I know that we all dream of having our own house and land. And how we get it is in our hands.

A house is a traditional investment that is very profitable, humans always need a house so that the need for housing will continue to increase, if you have a house that is still empty then the best step is to rent it out so you can get additional income and of course while waiting for the price to continue to rise.

Been mentioned by others that house is liability because of the spending and maintenance that you could really do in to it but on the time that you had rented it out or it is for lease or something that generates
income then it is really considered to be an asset.It doesnt matter if you are single or family man or guy, what matter most here is that you do consider out on having investment for you to raise up your
family or something that you could give out as an inheritance into your children on the right time.No matter what type or kind of investment you would really be tending to involved on,
as long it does give out that kind of chance for you to have a decent living or something that wont be putting you up on a hard situation then it wont really that matter.

Investing in estates properties will really make you to grow faster in your business, because many people prefer to spend a huge amount of money to get accommodation from estate to live a good life and to have rest of mind in the environment. You can build a house when you have a family to live but as a single brother or sister, it's advisable to invest to potential estate properties that will make your future children to be proud of you for the investment you create for them. I don't think,  house have any income to add to your incomes than to be the one to spend money for the maintenance to make the house look good some months or year.

Indeed, buying a house must be forced in any way (house instalments), it will be very difficult if you are going to have a family and or are having a family if you don't have a house and live in a rented house (boarding house) because you can be in arrears of rent payments and then be kicked out of the rented house. The thing I'm most afraid of is if it happens to anyone.
A house can also be an investment asset which will become more expensive over time because population density makes land prices more expensive, but this depends on the surrounding economic situation and the potential provided by your neighbourhood.

Never think that home or apartment investment must be profit in a few years, maybe if we count with prices will increase but the value is not necessarily increased, apartments or houses in the residential area require very expensive fees, even to cover the cost of the apartment or environmental care Sometimes higher than rising property prices.

I suggest only owning a house that we live in, never make a house an investment, when we build a house then with the details according to our wishes then when we want to sell it will be difficult because the buyer's tastes do not match, the cost of maintaining the house is also expensive so the price increase is not in accordance with house costs.

A house for yourself, where you can live and have safety it's a must in my opinion. In my previous post I just mentioned houses as a dangerous investment in case the owner wants to rent the houses for passive income. On that case it must be very well calculated, because there is already too many houses for rent everywhere and too few people in conditions to pay for a rent. And like you said, if people can't pay off the rental, properties' owners will have big losses, making this kind of investment even more risky. And that isn't an uncommon situation to happen. I've been seeing many tenants accumulating debt with renters.

House isn't a forced saving for a person who is in need. As most users mentioned it varies between users. Recently my friend booked an apartment for $50k, and it is in the prime location. After years the price is surely gonna increase and even if he was not in the place to use it. The builder have opted for $250 monthly rental agreement. As the money gets deducted from his salary every month this turns to be an investment. As he's in rental house earlier, now he'll be paying EMI for the home and the rental gets cancelled.

When it comes on having an own house, then we do know that each one of us does have different financial capacity which it is really just normal on how big or small their house to be build.
Some doesnt really have the capacity on doing so and this is why they do really end up on having a rental.Each person does have their own taking and making up decision basing into their current condition
and capacities on how they do make money.Some are really just that too hopeful or optimistic even its not really getting in line with reality and some are really that practical.
We do have different impressions and opinions in related to this.

For me house in never a forced investment
one should have atleast a small roof over their head during rainy days - what would one do when he is unwell or being laid off - how are they going to pay off the rental

Just be careful where you are going to invest in Real Estate. As it's a very popular investment nowadays there are many apartment complexes being designed and built being put for sale, so investors buy them in order to earn passive income renting. The issue is that supply is too high right now, there are too many houses and apartments available for rent. Consequently there are serious risks investors face difficult when finding potential tenants. Probably a commercial property is a better idea, as there is constant demand for it, although localization is very important and must be thought carefully.

It can be said that the economic crisis is affecting the world, not just the real estate industry, so it cannot be said that holding real estate or doing real estate business is not profitable or not causing losses.
Currently I am investing most of my assets in bitcoin, but my end goal is still real estate, it is the safest investment and asset. Because the demand for real estate or housing has never cooled down.

Called investment, there will always be cycles and fluctuations, so real estate investment also needs to study and consider the macroeconomic situation. But if I compare investments with each other, I can say that it is the most profitable and safest investment because the demand for housing will never stop.
According to the latest statistics, the world population has reached 8 billion people and we also know that land cannot be further exploited like gold or expanded so in my opinion real estate is something that can be sold but then will be difficult to buy again.

Investing in real estate is not as safe as it seems at first glance, now the crisis has affected all areas and real estate too, just remember the ghost towns in China. In addition, remember the cyclicality in the real estate market, there is an increase and there is a fall, so real estate cannot be called the safest type of savings, but in the long run it can be, especially if we are talking about real estate in good areas, because after each crisis, prices for such real estate will grow well.

In addition to the well-known advantages of investing in real estate (we are talking about residential real estate), you should always take into account many nuances: the locality, and its attractiveness in many respects. For example - a city may not have a developed business / industry to have a good job, but it may be attractive for tourism, which means that renting apartments will generate income regularly and not bad. Or, for example, a city at the base of which is a city-forming enterprise. If it is morally obsolete, most likely this enterprise will soon be stopped, it will be sold / reconstructed / .... This means that the main supplier of jobs will soon disappear, which means there will be an outflow of the population, which means a drop in demand for real estate. And there are a lot of such nuances. Of course, in the most advantageous position, these are the capital cities of countries. Then large industrial centers follow. Their suburbs also look attractive, where there is a more "ecological" environment, a small distance from the city, and the availability of services.

It can be said that real estate is a safe and profitable investment channel, but not without risks. The risk of real estate here is the location, many houses or real estate has a bad geographical location such as not being near a crowded residential area, not near a hospital, not near a market as you say, it is really difficult to sell, even impossible to sell because people don't want to live in those areas.