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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Always depends on the market. Financial vehicles haven’t always been so accessible or cheap. Risk/return on RE has been pretty attractive in many markets. Didn’t I hear someone say “there are more rich dummies in real estate...”
I intend to be part of those rich dummies. Just not with my primary residence
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That’s fair. You might not be wrong, but it depends on the market. Putting cheap money to work from the bank isn’t a bad return. Market returns in Vancouver have far exceeded interest rates. Also, tax free gains on principle residences.
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Sure but how many places are like that? What if you don't happen to live there or missed the rally? If you bought detached in 2016, for example, the value on average is down today.
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