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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Inem
InemKnowledge Seeker
Asked: April 19, 20242024-04-19T15:51:19+00:00 2024-04-19T15:51:19+00:00In: Money & Business

Must I own a landed property for financial security?

They always say that anyone that doesn’t own a land is not financially secure.  What makes the ownership of a land a sure yardstick for financial security? Is it really true people that don’t own lands are not financially secure?

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3 Answers

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  1. Mika
    Mika Expert Mind
    2024-05-01T04:48:13+00:00Added an answer on May 1, 2024 at 4:48 am

    If all assets you have landed property as well as a house is the most secured property you will have. Stocks can lose value, and when that happens you might not receive dividends or make loss when you sell. your landed property might also lose value but you can always rent it out to make an in come.Read more

    If all assets you have landed property as well as a house is the most secured property you will have. Stocks can lose value, and when that happens you might not receive dividends or make loss when you sell. your landed property might also lose value but you can always rent it out to make an in come. real estate market generates rent income, thus making it safe

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  2. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    2024-04-30T07:50:23+00:00Added an answer on April 30, 2024 at 7:50 am

    In my own personal ways Owning lands and property can be one way to build financial security, but it's not the only path. Diversifying your investments and having a solid financial plan tailored to your goals and risk tolerance is key. Ultimately, financial security is about having a well-rounded apRead more

    In my own personal ways Owning lands and property can be one way to build financial security, but it’s not the only path. Diversifying your investments and having a solid financial plan tailored to your goals and risk tolerance is key. Ultimately, financial security is about having a well-rounded approach that takes into account your individual circumstances, goals, and risk tolerance. Owning property can be a part of that strategy, but it’s not the only path to financial stability.

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  3. spencer
    spencer Enlightened Mentor
    2024-04-30T05:44:27+00:00Added an answer on April 30, 2024 at 5:44 am

    In a way, owning a landed property is one of the ways you can improve your financial foothold, especially if it's appreciating, that's free money coming to you and with time you can sell and reinvest or build and sell. Owning a landed property expands your choice tab and add to your overall networthRead more

    In a way, owning a landed property is one of the ways you can improve your financial foothold, especially if it’s appreciating, that’s free money coming to you and with time you can sell and reinvest or build and sell.

    Owning a landed property expands your choice tab and add to your overall networth, it’s a good decision to own a property, whether to resell or to build.

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