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It seems very weird to ignore homes people own in this analysis since it is the largest store of wealth for most people and produces ~5% dividends tax free in t
by Eridrus 11y ago
It seems very weird to ignore homes people own in this analysis since it is the largest store of wealth for most people and produces ~5% dividends tax free in the form of not having to pay rent.
- toomuchtodo 11y agoBuying a home is not a "no brainer" investment strategy. * It takes 5-7 years to break even on the transaction costs * You might not have enough equity (or liquid funds) to sell if you need to move for a better/more preferred job * There is no guarantee real estate will continue to appreciate at the same rate or ahead of inflation in the future