I speak with people immature as well as aged upon the every day basement as well as many contend the home is the good investment. However, I’ve found which the older
owners will never see there investment as they die with the home usually to pass it upon to there kids or relatives, to illustrate in my eyes they never seen their investment they died with it? As for the younger folks, they speak of shopping as well as offered for the distinction usually to buy the bigger home, the home in which they will many expected die in sometime as the comparison folks the referred to above. So is the home unequivocally good investment or the hulk element mass which we die with?
Most of my friends have been vital to compensate off there mortgage. While I take vacations as well as suffer my passing youth. I consider people destroy to deposit in there hold up as well as soul……
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A home is a place you live. A house can be considered an investment, but it is rather faceless and heartless to invest in anything. Maybe you should donate to charity and get some tax refunds.
My wife and I, we’re over 60 years. We sold our house. Why? Money makes people greedy!! You’r still in the box, and they’re already fighting, who get’s what? If they want money, let them make it!!
While it is important to enjoy life while you are young you can’t go wrong by purchasing a good home. The difference between you and your friends is that when they retire they will have already paid for their home and won’t have the cost of rent to deall with. How many thousands of dollars a year do you think that will be when you get around to retiring ??
There are definite tax advantages to owning vs renting and it also helps your credit rating.
if you acumelate a milion bucks any other way, you still have the same problem at the end
It is an investment. Many homebuyers don’t invest wisely, but the advantage of buying a home over renting is that you do acquire ownership in the property you are living on.
You should buy a home that fits your income and lifestyle, and you should consider other investments as well.
I’ve done both. I bought my first house in 1973 for $43,500. I’m now living in a house worth over $600,000.
I’ve been to 49 of the 50 states (and DC, too) and I’ve been to 6 other countries. Next year, I’ve got a trip scheduled for my 50th state, Alaska.
Just don’t expect the government to support you in your old age. Because, Social Security is going bankrupt and the Ds (and some Rs) won’t let it get fixed.
It is a form of an investment, which can turned into an asset or a liability.
Think of buying a home as doing two things simultaneously. Fulfilling a need that everyone has – housing – and making an investment in your future. I bought 15 years ago, and now you can’t find rent as cheap as my monthly housing payment. Not to mention the effects of leverage. I programmed a spreadsheet about a year ago, taking into account everything but state income tax, and it’s very difficult to come up with a scenario that doesn’t have someone who buys financially ahead of someone who rents and invests any difference tax free within five years.
To me it is and to someone else it may not be. It is more personal that a rule.
Matt
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