How to make Real Estate ownership worth it

In my previous post (http://pinoyfinancialcoach.blogspot.com/2017/09/the-modern-slave-one-with-big-house.html), I mentioned the negative effects of having a heavy mortgage to pay which I related as being the same as modern slavery.

Today, I want to focus on when owning a real estate property makes sense. Here are my thoughts:

1. The first good reason to own real estates is as rental properties. Definitely the best way to make money. It is one of the favorite investment of the super rich. Rental properties allow a steady income with minimal risks. The drawback is the initial amount to be invested that is sometimes out of reach of people. Nevertheless, with strong savings habits, patience and discipline, this can be overcome.

2. If you are sure to live in the same house for 25 years and more. The purchase of house becomes to make sense but only applies for the long term.

3. If you actively buy, fix and sell houses. This business might become lucrative if well done.

Other than that, I don't see other good reasons to own a house. The maintenance, taxes and the selling fees don't make it a very successful investment. The last 2008 housing bubble burst is a great example of how overrated homeownership is deep inside people's mind.