So I can carve a Giroud mural into the wall without a landlord evicting me for criminal damage
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Comes in pretty handy if you own a lot of them and rent them out. 
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I certainly understand it as a business.
Itās psychological mainly.
Owning your own home is a pretty meaningful thing.
I get that people find it meaningful. Iām saying I donāt understand why.
It about equity and security.
A house is the most expensive thing most ordinary people will ever own. Owning your own home is a milestone in life which symbolises years of hard work.
I can think of many things Iād rather spend that money on 
Plus I move very often. I get itchy feet.
Like paying rent?
Renting sucks, I hate the idea of using my hard earned money to pay somebodyās else mortgage whilst being contrained by tenancy agreements.
Personally Iād be much happier paying off my own mortgage payments for my own place.
but I get it, some people are into the nomadic thing which is fair enough if youāre in your 20s but when you get older you will need stability and security
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Seems to be a much bigger thing here than a lot of other countries.
Iām 42 mate. Iāve been here only two years, and Iām already looking into moving
Oh shit, wasnāt aware. Fair doās
Not to mention itās an asset that can be passed down generations and give the next generation of your family something to build upon in this brutal capitalistic money grabbing society.
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Jules itās probably because you can rent a place for years and then move and have fuck all to show for it. If you own a property and decide to move all the money youāve been paying to live there then represents an investment, and you get something back. You arenāt at the mercy of some cunt landlord who might neglect the property you live in or kick you out forcing you into moving. Perhaps if there were stricter rules governing landlords Iād feel differently, but thereās no sign of that happening. Plus mortgage repayments are cheaper than rent in most cases.
Iād have thought itās pretty obvious why people want to own the property they live in.
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I guess if you have children, the mindset will be different.
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I think that depends on whereabouts you live. Iāve never had issues with landlords.
This seems to be more of an issue when you live in an urban area.
eeesh. Horrible for his family
I know. I was just making a statement.
I think people only see value in it because of the financial security that comes along with it. My parents bought their house in 1968 for like $30,000, and itās worth upwards of $850,000 now. My dad never made a ton of money but because of the house they owned they were able to provide for all 5 of us without my mom ever working. In fact they refinanced their home a couple years back, pulled out $100,000 and their house payment actually went down $200 per month 
Anyways really itās just about as sound of an investment as you can make.
^ This.