Call me old – but I always believed what my dad taught me so many years ago. He told me that owning your own home was vital in achieving financial security.
Owning your own home, he said, means being free from overbearing landlords. You have the freedom to arrange your property however you like it and convert it to a place you feel comfortable calling your ‘home’.
So I set out to do just that and I made sure that before I had my own property before starting a family. And when I finally did have kids, I tried teaching them the same lesson of my dad.
Alas, time has changed so much from the time I bought property (let’s just say David Hasselhoff was still driving a talking car and everybody thought they could DIY anything like MacGyver – if you don’t get it, that’s not a bad thing) to when my daughter was house hunting with her fiancé.
House prices have gone up so much that it has become very easy to bury yourself in debt for the rest of your life – especially if you are a first homebuyer. There are so many things to consider these days and investing in property wasn’t the sure nest egg it used to be.