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A 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 outpac
by adamcstephens 6y ago
A 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.