Putting your money into real estate isn't always the best idea. You might think it's a good move, but consider this:
Having real estate is nice in the long run because you can save money you'd spend on rent. But here's the catch - if you can use that money in a way that gives you better returns than a typical real estate investment, why not?
Especially if you're a nomadic person or an entrepreneur, it's not crystal clear whether locking your money into a property is the right choice. If you can use your money to gain higher leverage elsewhere, that's a smart move.
Example: my friend Justin was unsure if buying that new apartment was worth it, because he could have easily spent money that is now tied up in real estate on his business.
It made me realize that there's a lot of groupthink around property investment. But truth be told, it's not the right path for everyone.
Sometimes, the best investment you can make is in yourself and your entrepreneurial ideas. So, before you rush into real estate, weigh your options. Don't follow the crowd blindly. Your money might find a better home elsewhere.