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Not to mention the low interest rates that caused the housing prices to sky-rocket. Also not to mention this new trend where younger generations prefer to spen
by bartimus 6y ago
Not to mention the low interest rates that caused the housing prices to sky-rocket.
Also not to mention this new trend where younger generations prefer to spend their paychecks on vacations, smartphones, fashion as opposed to long-terms investments like a home.
- adamcstephens 6y agoA home isn’t an investment, at best it’s a low interest savings account. That people consider it to be one is part of the reason house prices continue to outpace inflation. Buy a home to live in it, but don’t expect that you’ll make money from it.
- bartimus 6y agoDepends how you look at it. If you manage to attain mortgage free home ownership, you'll be free from rent or mortgage expenses.
- fuzzfactor 6y agoIf you're in a neighborhood where this is common, property tax increases will rise to compensate.