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You're under-stating the return. Unlike other investments you can leverage the house with a mortgage. Assuming you put only 20% down you're making 50%/year gain
by sxates 8y ago
You're under-stating the return. Unlike other investments you can leverage the house with a mortgage. Assuming you put only 20% down you're making 50%/year gains.
- usaar333 8y agoExcept every year you are paying about 6% of the purchase price in principal and interest and property tax (plus maintenance and water), so the math isn't quite that simple.