Replying to Avatar Sikto

In Canada, this is also the same reason many, wrongly in my opinion, put all of their money into their houses. I would rather have mine in bitcoin, stop pretending to be a financial advisor, and live out of a chuckwagon.
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MattA 2y ago

I mean. My home did appreciate like 2.25x over 7yrs & I needed a place for my family to live anyway 🤷🏻‍♂️

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Chilidem 2y ago

Ok. Now sell it and enjoy the profits. Oh wait...

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Chilidem 2y ago

It appreciating just means hugher property taxes.

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MattA 2y ago

That is true.

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MattA 2y ago

Homes are still turning quick in my area in less than a couple weeks, A+ school district. But I'd still need a place to live & raise my kids.

So I'm stuck for another decade+.

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Chilidem 2y ago

And that's my point. Houses are a place to live and you'll always need one of those. So even if you sell, you'll either have to move to a different area with lower cost to see profit or buy another house in that same elevated market.