The rub here is that you still need a place to live. And so you’re going to spend ~28,000 (2,350/m average for a single family home, rough number) per year to live somewhere no matter what, which means over thirty years you’re dropping almost 850k on somewhere to live that you don’t own.
Now, how much do you value not HAVING to move when some owner wants to take their home back? This also assumes the rent doesn’t increase over 30 years, highly unlikely. Is that worth the 100-200-250k you’ll spend on the house? Will the house appreciate that amount?
Houses are good investments if you live in them, because their not investments their expenses.
Tortuga
npub1e3m…qvr5
2024-06-08 00:43:55
in reply to nevent1q…wecn
Author Public Key
npub1e3mx09yq53gyh9368qyuhfstgk8t7p5vvfcnvgwa4994y7rqg37s20qvr5Published at
2024-06-08 00:43:55Event JSON
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"content": "The rub here is that you still need a place to live. And so you’re going to spend ~28,000 (2,350/m average for a single family home, rough number) per year to live somewhere no matter what, which means over thirty years you’re dropping almost 850k on somewhere to live that you don’t own.\n\nNow, how much do you value not HAVING to move when some owner wants to take their home back? This also assumes the rent doesn’t increase over 30 years, highly unlikely. Is that worth the 100-200-250k you’ll spend on the house? Will the house appreciate that amount?\n\nHouses are good investments if you live in them, because their not investments their expenses.",
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