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I 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
by Cshelton 10y ago
I 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.