Skip to main content
No. of Recommendations: 2
ptheland writes,

In effect owning a home is prepaying for a lifetime of housing costs. If you live long enough that could be a wise financial choice. Not always, of course, but I suspect it is true often enough to be something to consider in a strict number-crunching way, apart from the psychological benefits.


I agree, if the numbers make sense.

I actually bought a condo a couple of years ago when the real estate bust allowed me to buy one for 6 times its annual rent. That was the kind of deal I needed to accept the burdens and hassles of owning a home.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.