A house is an avenue to build long-term wealth. To begin with, with a house, you can take equity in the property and use that money for other things.

For example, if your business needs capital for expansion, you do not have to look further than your house. Actually, you can even use that money to buy a car if it becomes an absolute necessity. So it makes sense to buy a house first because of the potential it offers.

Also, there are very many lucrative ways to generate income with a house. Today, for example, you can take advantage of the short-term rental market to make money. You can partner with Chogon Propeties, and reap handsome rewards. With this new income stream, you can use that money to pay off your mortgage and even keep some money to support yourself and your business.

While it is also possible to generate revenue with your car, the fact that it is a depreciating asset means that the revenue potential is lower than that of a house. For example, you can join ride-sharing and cab-hailing services like Uber, Wakanow etc. However, this will only make you some money in the short term. But as the car ages, you may find that sometimes you are spending more on maintenance.

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