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It doesn't have to have positive returns to be considered a saving. You buy a house, you get to live there rent free for decades even if you can't sell it for m
by BenoitEssiambre 7y ago
It doesn't have to have positive returns to be considered a saving. You buy a house, you get to live there rent free for decades even if you can't sell it for much at the end. That's still worth a lot.
- elliekelly 7y agoI'm not really clear how it's rent free when you're making monthly mortgage payments? That seems rent free in name only.
- BenoitEssiambre 7y agoWe're talking about buying a house as a form of saving vs buying other financial assets. The part that you borrow is not savings. Only your home equity is savings. The part that the bank owns is not savings to you.
- deleted 7y ago[deleted]