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Yes, but your investment from the home made up some of the difference possibly depending on when you bought. That’s a different source of wealth and one not eve
by throw9away6 3y ago
Yes, but your investment from the home made up some of the difference possibly depending on when you bought. That’s a different source of wealth and one not everyone has.
- scarface74 3y agoNot an investment - more of an inflation hedge. Yes I realize that a primary home can be considered an investment. But that’s an often argued rabbit hole that I really don’t want to go down.
- throw9away6 3y agoIt’s a leveraged investment with a tax benefit and some government subsidy. Living in it is the tax Benefit portion.
- scarface74 3y agoIt’s not really a tax benefit for most people. 87% of taxpayers take the standard deduction. That means at most 13% of taxpayers take advantage of the homeowner’s tax deduction on interest.