2007-08-23 21:43:18 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
This depends on what you do with it and what property values do after you buy it.
2007-08-23 21:48:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ther is a great debate whether having a house or buying shares is the better investment.
There are many factors in buying a home, are the prices going up? can you comfortably afford the repayments? Are you stable enough to warrant the purchase of a house?
I have just bought my house and paid AUD 300k for it and i consider it to be the best thing i have ever done, it will give me the financial freedom later in life to do many things i wouldnt be able to do if i was renting.
Great investment IMO ;-D
2007-08-24 04:49:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you bought the house which is lower than the market price, then it would be a great investment. Provided that your house is sold to someone else with a higher price.
Not all houses are great investment. They are more of a necessity or a liability if you are not using the house to make money.
2007-08-24 04:50:49 · answer #3 · answered by Beach bum 4 · 0⤊ 0⤋
If your definition of great investment is something that will make a profit for you, then it depends.
If your definition of a great investment is something that you can use and that will most likely appreciate in value, than a house is definitely a good investment.
Unless you don't need a place to live.....
2007-08-24 05:47:49 · answer #4 · answered by Theresa 6 · 0⤊ 0⤋
great invesTment.
Everything you own will essentially just be a pile of money you'll die with. Especially the money you have sitting in the bank when you die.
2007-08-24 04:49:10 · answer #5 · answered by mirrorinthesky 3 · 0⤊ 0⤋
It is always a good investment, people are dying all the time leaving money behind.
2007-08-24 04:52:42 · answer #6 · answered by joe 6 · 0⤊ 0⤋
Yes it is great but no one can predict the futue
2007-08-24 04:48:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋
MOST PEOPLE PAY OF THERE MORTGAGES BY 50 OR 60 THEN YOU CAN LIVE RENT FREE..... I LOVE BUYING MY HOUSE BEATS PAYING SOMEONE ELSE'S MORTGAGE OFF!
2007-08-24 04:48:49 · answer #8 · answered by magiczippy 3 · 0⤊ 0⤋
easy choice...pay off your own house or pay off someone else's
i'd rather pay off me own thanks
2007-08-24 04:48:22 · answer #9 · answered by Anonymous · 0⤊ 0⤋