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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Where’s the data that led you to that conclusion? Genuinely interested.
A bunch of stuff including average home price growth vs proper income producing assets.
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The key factor that can swing the balance is Risk. I take the middle ground here. But for the sake of discussion, owning a home takes a big risk out of the equation. Becoming disabled is not uncommon. Carrying debt is a stupid risk that most millionaires simply don’t do.
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get disability insurance then. "Carrying debt is a stupid risk that most millionaires simply don’t do." that's simply not true. Do you know that Elon Musk is in debt? (borrows from with UBS) loads of millionaires utilize debt. IN SMART WAYS smart debt can be a great thing
End of conversation
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When renting become higher than paying the loan. Do you include that extra money in buying others assets for example ? Could change the simulation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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