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Emotionally, a home can be great, but they don't really earn a great return compared to public markets, at least in the U.S. However, the last few years have had A LOT of price appreciation, so it's seemed like a good investment.
Also, if you spend all your money that comes in out of habit, forcing yourself to build equity through a mortgage is a good way to force savings.
Really, if you look at it from an economic point of view, a house often costs more than the return it has in the long term... but in a certain sense it provides emotional and family stability, and if you have a good piece of land, you could invest in self-support.
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