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Do you feel that home ownership should be a money-making investment?
by woah 10y ago
Do you feel that home ownership should be a money-making investment?
- tantalor 10y agoIt is if you don't live in it and rent it out instead at a rate higher than the expenses.
- Cshelton 10y agoI believe in ownership of assets that appreciate in value. I would not buy a home, as an occupant in that home, to make money (buying an investment property is completely different). In a way, a home is a savings account. You always need a place to live. When you sell your home, typically you will put that money into your next home. However, today, do you really ever own your home? Even if you owned it outright, you're still paying easily 1.5-3% of its value a year in taxes. This is a completely different argument of course.