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Investing/Strategies / Retirement Investing
|Subject: Re: Home Ownership not a good investment||Date: 4/28/2014 9:32 PM|
|Author: StockGoddess||Number: 74882 of 76882|
If Home Ownership was always a bad investment, landlords would not exist.
Personally, I like equity going up rather than rent going nowhere....and all those lovely tax deductions...and no shared walls.
Of course, DH and I rolled our eyes at what the bank/realtor told us we could "afford" and bought for the payment we wanted - about half that. We've used the rest to save like mad and take some lovely vacations and still paid it off in 18 years.
Nobody wants to be married to their mortgage, but a modest one is a better investment than the black hole of rent (if you plan to stay 5+ years, of course).
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