this post was submitted on 28 Aug 2023
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Canada
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Housing is only a safe investment if it keeps its occupants productive (e.g. allows one to take a job by living nearby). The job market is strong right now, but we'll see how safe those investments are when that starts to turn...
But, if you truly believe what you say, why aren't you buying one of those $100,000 homes in Newfoundland? Anyone can afford that. If the government is going to protect you, how can you lose?
I could be wrong here but I believe that your parent comment is talking about how investments are guaranteed by the government in case of some kind of market shift.