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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None of your followers aspire to average :) love talking this stuff and I imagine the reason the hustle crew got so engaged on your city choice decision is because at end of the day real estate captures everyone’s imagination
Yes. Not average. But I’m saying to pick and choose your shots. I think many can make more $$$ with their down payment money.
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I’m ok being average at buying my home because I’m super not average at investing in my biz. But it seems even average stuff like stocks would be better than averaging home
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3-5% appreciation + debt pay down + imputed rent + tax shield on interest and option value for future rental cash flows will get you past nominal s&p
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I considered buying MF in a decent market near where I grew up. Having to continue renting in NY plus the cost of local property mgmt / traveling back to do work ourselves eliminated the cash flow benefit while adding a part time job
Thanks. Twitter will use this to make your timeline better. UndoUndo
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