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Why your house is a terrible investment
- tgv 4y agoBut what other investment pays the rent? BTW, I agree that selling off other properties, such as stock, should be taxed equally.
- jleyank 4y agoYa gotta live somewhere. If you can switch jobs without switching domiciles you’re in pretty good shape. If not, rent. Is your primary residence an investment, or like clothes and food more an expense? Ya gotta live somewhere in retirement (unless you plan to kick at your keyboard). Retirement means lower income, so carrying rent or mortgage or car payment or anything “large” might/will really cramp your lifestyle. Retirement might be an absurd concept now, but trust me, things change in your 40’s.
- jqpabc123 4y agoA home is kinda like food --- a terrible investment that turns to crap --- until you compare it to the alternative.