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> But now, if she buys a home, she needs housing prices to keep going up to make her decision financially sound. If you buy a home, you're living rent free, th
by wankle 4y ago
> But now, if she buys a home, she needs housing prices to keep going up to make her decision financially sound.
If you buy a home, you're living rent free, that's true regardless if the price goes up. If you live in it for 30 years and sell for exactly what you bought it for, you still made money because you lived rent free for 30 years. That's even including the cost of maintaining the home, roof replacement, HVAC, water heaters, appliances. Then there's the reduced taxes on mortgage interest.
- asperous 4y agoYou paid “rent” to the bank in terms of interest.