> I view real estate ownership as a personal hedge.
It’s also a solution to the problem of most people having no self control.
Put $X into a separate untouchable savings/investment account without fail every month sounds simple but most wont do it. Instead they’ll keep raising their monthly misc spending and the money will disappear.
Change it to “do this or lose the roof over your head plus your down payment” and suddenly your success rate skyrockets.
It’s also a solution to the problem of most people having no self control.
Put $X into a separate untouchable savings/investment account without fail every month sounds simple but most wont do it. Instead they’ll keep raising their monthly misc spending and the money will disappear.
Change it to “do this or lose the roof over your head plus your down payment” and suddenly your success rate skyrockets.