3 ms·
This is incorrect. You pay interest/maintenance/insurance/tax costs for this home. Then one must calculate cost to sell the house. The appreciation of the ho
by yequalsx 9y ago
This is incorrect. You pay interest/maintenance/insurance/tax costs for this home. Then one must calculate cost to sell the house. The appreciation of the home value simply does not all go toward the increase in your investment. One must also subtract the opportunity cost of the downpayment.
- Skunkleton 9y agoI did this math at one point for my particular scenario. Housing was not a good investment for me unless I assumed that there would be some sort of outlandish growth in value without course corrections. That said, there are compelling reasons to own your personal dwelling beyond money.