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Find the Right Property, Buy at the Right Price by Melissa Opie

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Chapter 3: Buying a home versus buying an investment

Not all property makes a good investment, and that applies equally to the property you choose to purchase as a home. People buy a home for different reasons — it could be located close to family members, near the beach, on a large block, or close to work or a particular school. These are not investment decisions. These are lifestyle decisions based on your needs and wants at a certain time in your life.

For some people their home is their castle and they want everyone else to know it — they want it to be bold and show off the position they’ve achieved in life. Some see at it as some sort of shrine to themselves or something to impress others. Homes always reflect something about their owners. ...

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