19.10.2011 - The South African housing shift
For many people, buying a house will be the most significant transaction of their lives; in fact, most people regard their home as their most important asset, even though, unlike a true asset, a house does not generate income unless you rent it out, and you can probably do better by renting a small place and putting your money in the market. The point here is that home ownership is a big deal its important to people, and to politicians, who like it because it helps create stable, healthy societies (which is why they often adjust interest rates downward to try and encourage people to buy houses as well as to spend, and why they build free houses for the poor)..............................................Full Article: Source
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