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A mortgage isn't a cost. It's an investment. You would call money you put in a 401k a cost either.
by Aunche 4y ago
A mortgage isn't a cost. It's an investment. You would call money you put in a 401k a cost either.
- sattoshi 4y agoWhere do you live if you take the money out of the house for retirement? In a practical sense, it’s a cost.
- e40 4y agoIf you move to a much lower cost of living area, then the difference in expenses is the return on investment.
- dasil003 4y agoThe point is home equity is value you own. You can get money out a lot of ways: relocating, downsizing, reverse mortgage. With rent you are out on your ass with nothing the moment you stop paying.