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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Replying to @theSamParr
When you buy a home you have “locked in” much of your housing expenses at today’s value. As an example, I’ve been in my house 4 bedroom 3 bath gone for 20 years. It hasn’t appreciated well - maybe 1.5% a year. But, I only put $30k down so that’s 8%/yr.
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Replying to @royceard @theSamParr
But if you present value the difference between rent versus the mortgage payment, throw in some tax savings, etc. I won’t say it’s a great investment but it’s also not a bad investment. Just don’t over buy. Find a house you’ll be comfortable in for a long time in an area you like
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Replying to @royceard
I agree. It’s a fine place to store money. But not make
1:39 PM - 8 Aug 2020
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