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.
Show this thread
-
I believe you used to live in Glen Park. Most of the homes there were bought 30-40 years ago with less than $50k down payment. Now that equity is atleast 30x. And most importantly the interest and property taxes were deducted by owners while rents around them went up 200-300%
-
-
RE my brother is all about location. There are only 100k homes in SF so your long term bet will do better than S&P. But if you are in a city where supply is unlimited then renting may be better. Most coastal cities are similar to SF both natural and governmental supply barriers!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
So does this mean only buy in areas where new industries are booming and land supply is limited to produce a financial return greater than the S&P?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.