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The gain on your house will never outpace the interest on your mortgage. Houses as wealth generation (in this simple way, they're still obviously better than n
by camgunz 8y ago
The gain on your house will never outpace the interest on your mortgage. Houses as wealth generation (in this simple way, they're still obviously better than nothing and helpful to borrow against) is essentially a scam literally sold by banks. You'll pay $170k on a $100k house over 30 years. If you put that same $70k in Vanguard you'll have over $400k after 30 years (at a modest 6% return).