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Cool. I guess in your case it makes sense because of the low interest rate. I didn't mean that you would live with your parents forever. What I meant was since
by saiprashanth93 11y ago
Cool. I guess in your case it makes sense because of the low interest rate. I didn't mean that you would live with your parents forever. What I meant was since your parent's already own a home, its already an investment by them that you are going to inherit.
I never understood why buying a home is a good investment option since ROI is very low for a very long time unless you sell the house for a higher price or you make all the money through rent, which is probably never happening considering other costs that come with owning a home.
This article makes all the point I was going to write and some more.
http://www.jamesaltucher.com/2011/03/why-i-am-never-going-to-own-a-home-again/ http://www.jamesaltucher.com/2011/03/why-i-am-never-going-to...