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I wish more people in the US believed that, it'd make my retirement planning so much easier. Incidentally if that statement were even vaguely accurate private e
by forgetfreeman 2y ago
I wish more people in the US believed that, it'd make my retirement planning so much easier. Incidentally if that statement were even vaguely accurate private equity would most likely not find residential real estate an attractive investment, which they most certainly do. All of my real estate has doubled in value over the last 5 years and through the magic of depreciation I'm on track to get back more in taxes over a 20 year span than the original purchase price of my investment property. Home ownership: shit makes perfect sense to me.
- kelnos 2y agoI think GP was talking about owning a primary residence, not owning investment properties. (I still don't agree with GP's thinking or math, but I don't think you're arguing against what they actually said.)
- forgetfreeman 2y agoI'm talking about owning both primary residence and investment property, both are great.