If you’re in the wealth accumulation phase of your life, I think buying a home is a terrible decision (in most cases). Prove me wrong. Seriously. I’m not being rhetorical. I want to see if there’s math that says otherwise.
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If you have the cash, it's smart. You need a place to live.
If you have the cash, I bet you’d earn more renting and using that to invest in rental property.
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Rentals are expensive and choosing rental property as investment risky in a recession/depression. Things are unstable right now.
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can't make blanket statements like that. if you're only going to stay in a place less than 5-7 years, even most real estate agents will tell you that it often makes sense to rent. the NYT has a good calculator:https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html …
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Paying cash for home makes zero sense in most circumstances. That I’ll agree with.
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not necessarily. can pay in cash to close fast and then cash-out refi (i.e. get a mortgage after the fact)
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Don't forget about the opportunity cost that comes with dealing with renters (general complaints, paperwork, requesting maintenance, etc.)... not to mention finding new renters possibly often. A lot of time and energy that could be spent making $ elsewhere
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