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I once saw calculations that your net worth increased just as much from renting as from owning a home -- if you instead invested your down payment in a well-div
by MilnerRoute 3y ago
I once saw calculations that your net worth increased just as much from renting as from owning a home -- if you instead invested your down payment in a well-diversified stock portfolio. (If you're talking about a 20- or 30-year mortgage, that gives the original investment time to double, double again, and maybe even double for a third time.)
Every time I see an article bemoaning how hard it is to buy a home, I think of that...