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> If you sell your house for less than you paid, it’s a bad investment. Financially-speaking. If I buy a house today for 500K and sell it in 10 years for 400K,
by favorited 10y ago
> If you sell your house for less than you paid, it’s a bad investment. Financially-speaking.
If I buy a house today for 500K and sell it in 10 years for 400K, I have spent 10K / year for housing.
If I spend 2K / month in rent for 10 years, I have spent 24K / year in housing.
Obviously there are differences in homeowner's insurance vs. renter's insurance, differences in property taxes & tax deductions, maintenance costs, security deposits, etc. But while there are risks and rewards to both, it seems patently false to claim that a dollar-value loss on a property sale by any means makes the initial purchase a "bad investment. Financially-speaking."