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The notion that a home acts as a secure investment is also disputed. Homeowners often underestimate the ongoing costs associated with home maintenance, taxes, and insurance, leading many to realize that, despite apparent appreciation, homes might not yield as profitable a return as they anticipated. Rising property costs coupled with inflation raise further doubts about the real value gains from homeownership.
Moreover, allegiance to a mortgage merely as a forced savings plan may not represent the optimal financial approach. Instead, investing saved funds into avenues such as the stock market could yield greater long-term returns.