3 ms·
This title needs to change because it completely misrepresents the original article. And it's wrong, too. "Never pays off" is simply stupid. My parents bough
by pfarnsworth 10y ago
This title needs to change because it completely misrepresents the original article.
And it's wrong, too. "Never pays off" is simply stupid. My parents bought their house for $250k and sold it 20 years later for $1.4M cash. To say it didn't pay off is simply ridiculous. My own house is worth 50% more in 3 years, obviously unsustainable, but nonetheless worthwhile, especially given rents.
- refurb 10y agoHow does the return compare to the market overall? Instead of putting a down payment on a house, what if that was invested in the market along with the other savings from not owning a house? Going from $250K to $1.4M over 20 years sounds good, but it's only a ~10% annual return.