“And very few of them even own a house, which show you how ignorant they are about investing…”
actually, the real problem is that housing is now unaffordable for almost anyone who doesn’t already own one, so disposable income goes into stuff that’s affordable, things like fractional securities, big screen TVs, etc. ... you see this in the developed orient in places like Japan where the youth spend big bucks on designer-label clothing, toys and lavish night-life spending, but have little hope on owning a dwelling ...
Yep, it’s either a McMansion or Nothing, these days.
It’s never been easy to save enough to buy a home, but it’s gotten easier with a lot of newer programs/options that can get you in one for little to nothing down anymore. As you mentioned, location can play a big part in that too. You may even have to rent a room out to family or friends, if you’re not married. I still believe it’s one of the best investments you can make, because as stated above, where you live is very likely going to be the biggest expenditure of your entire life, so if you can recoup some of that, including to the point of not having to pay for it practically at all eventually, not much else can compare. Thanks.
https://themortgagereports.com/11306/buy-a-home-with-a-low-downpayment-or-no-downpayment-at-all