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THIRTY-FIVE

A SECURED FUTURE?

How do you define a secured future? As the gameboard of life changes, just as labor itself is shifting in value, what was always considered secure may not be in the future. The following are considerations around your home and your savings to take into consideration and give thought to as the gameboard of the Game of Life changes and value shifts.

Why buy a home when you can rent it?

Gone are the days that buying a home is a guaranteed good investment.

Buying a home is buying a place to sleep and store your things. It is not an investment. Not a good one, at least. 

The landscape of the globe has changed. With the endless possibilities of ways to earn and flow money to create wealth, owning homes may be a thing of the past soon. Is owning a home a good investment?? Sometimes...but not always.

Do they make great places to live? Yes.

I hear so many parents say they are worried about their kids not getting a job, competing with AI, and never owning a home. I wouldn't worry about them at all; I’d worry about yourself if you're of the generations who was raised and conditioned that you had to own a home. The younger generations could quantum leap the generations before them, quantum leap those who are stuck in the old world with the old views on investing and earning. The new world has already arrived and is beginning to thrive.

A home is necessary if you have a family that intends to stay in one place. But it isn't always a great investment. And millions of new ways exist to create wealth. The money we once all invested into buying a home can now be leveraged in many other industries and the returns can be delivered quickly now.  You can turn around and rent any house you want off the profit or the interest of your investment. Locking up mass amounts of cash for long periods in a home is not necessarily a good move with how fast the world is now moving.

I predict the Millennials that skip buying homes and enter into investments are about to QUANTUM LEAP over their parents and the generations that came before them. They are learning how to leverage and flow money to create wealth rather than parking it and waiting decades to maybe make a return. Millennials know how to create money out of thin air simply by the flow movement. They will make investments and use the interest of their investments to rent homes.

Why is this? Because the newer generations live life by a subscription-based life, not a life chained to one spot, location, job, role, or even career. They overstand that money can flow, and if it flows around, it gets them everything at one moment in time rather than having one large asset, such as a house under ownership.

Home ownership is an illusion, you own it but you do not have absolute ownership of it.

The GAME of what is a “good” asset is changing: in the years to come, you may want to re-evaluate what you consider a good asset.

Once, it was wise to own a home. Is it still? I don’t think so. Do houses still make great homes? Yes. But do they make great assets? Maybe, maybe not. 

Things are changing.

Why do all the government leaders keep saying, “You’ll own nothing and be happy”?

Every North American should overstand:

1. It's a trap.
2. A mortgage is debt, not an asset – if that asset is not appreciating, it is a liability.
3. Why are you paying tax annually on an “asset” (not an asset – it's a loan) that you already paid tax on? With the money you already paid tax on?
4. The entire globe will move to a usage model over an ownership model in the next decade.
5. Mathematically, few homes make sense to own.
6. As Grant Cardone preaches, “Own what is a good investment and never own where you live.”

For you don’t actually own your home. No one does in Canada, at least.

The traditional notion of homeownership is undergoing a significant reevaluation. The reality is that when you “own” a home, what you actually possess is more akin to a “right of use.”

In Canadian law, the "right of use" for a home means you have the legal right to use and enjoy the property, but you don't actually own the land it's on. This means you can live in, modify, or rent out your home, but you still have to follow certain rules set by the landowner or governing authorities. In American law, the concept is similar. 

This has always been the case and no one seemed to mind, that was until “the system” started extending more rules.

Regardless of where you live, there's an overarching authority that dictates what you can and cannot do with a property, regardless if you own it or not. Could you imagine purchasing a Rolex and being told what days you could wear it and for how long? OF COURSE NOT. Because you own it you assume it is yours to use, but that is not the case with homes anymore.

The concept of owning a home, once considered a sound investment, is now fraught with restrictions. 

Do you own a condo? I bet you thought if you owned a condo it was a good, safe investment and if anything happened to you financially it was a good play B, You could rent it out if you have to, Oh, wait, suddenly “the system” dictates who you can rent it to and for how long, huh? Many cities and or buildings banned Airbnb. But think about that for a moment: if you own it – shouldn't it be up to you if you can rent it? If someone tells you what you can and cannot do with your property, you aren’t the boss. Sure, it’s your asset, but you have a “boss' who dictates your moves. These “rules'' could easily increase in the years to come as we have seen more and more overstepping of “the system.”

Such constraints not only limit your capacity to generate income from your property but also potentially diminish its value.

These factors contribute to a growing sense of unease among homeowners. The multitude of rules coming from different directions at once make it clear the control over one's property is not absolute. This realization is vital, especially for those who have heavily invested their finances in their homes. The changing landscape of property ownership, influenced by fluctuating global economic conditions and evolving regulatory environments, suggests that what was once deemed a secure investment might no longer offer the same level of security or returns.

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