I don't really see putting your money in an index fund as "gambling" more than buying investment properties Individual stock picking absolutely is gambling though
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I mean I get that owning the house you live in feels good But then if shit happens in your life and you HAVE TO MOVE, NOW, and you find you can't sell the house in a reasonable timeframe... that feels very bad
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(Which is why I feel strongly that buying a house should be seen as a way to manage your housing costs - consumption, not investment - that has both pros and cons compared to renting)
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Because if you have nothing else, you can live there. That’s the whole point here.
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Right, but that sense of security isn't as solid as people think Even a fully paid off house costs money over time - property tax, upkeep - and most people who buy take on the additional liability of a mortgage And most people do not have a location-independent income
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