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Why do people buy a house?

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Anonymous

18y ago
Updated: 8/16/2019

There are many motivations out there to buy a house; some are security, stability, status, a pesons self- image as it relates to family, and what all of that means to them. Then there is the investment opportunity. If you own, you could rent it out, or lease or swap if its viable. If you are living in it it is still an investment, as that is the physical evidence and back- up if you ever need any loans or payment options on something. Last but not least, it is one kind of tangible wealth to pass on to your kids.

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Wiki User

18y ago

What else can I help you with?