Re: Buying vs renting

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html is
probably more useful than the USA Today article.
Owen



On Tue, Feb 20, 2018 at 3:50 PM Gregory Alan Bolcer <[email protected]> wrote:

> Location, location, location.
>
> The answer is some combination of what's your income, where's your home,
> what tax bracket are you in, what are your deductions, what is your
> capital gains situation if you don't turn it over into a like-for-like
> asset etc, etc, etc.
>
> In Orange County, it's been renter's market for at least 10 years (not a
> rentee's market).
>
> Greg
>
> On 2/20/2018 3:36 PM, Lucas Gonze wrote:
> > Dear FoRKie,
> >
> > If I sell my home (with another 15 years of mortgage left to pay), put
> the
> > money in the market, and pay rent instead, will I earn more?
> >
> > By choosing to own, am I being sentimental in the face of my single
> biggest
> > opportunity to profit?
> >
> > =====
> >
> >
> https://www.usatoday.com/story/money/columnist/2018/02/18/why-your-home-lousy-investment-when-you-think-its-great/340516002/
> >
> > "Having a family home and yard for the kids and dogs is great.
> Home-owning
> > neighbors can be wonderful, too, creating community. But the real value
> > isn’t the investment, it’s the roof over your head, the satisfaction it
> > brings and the memories it creates. Home ownership doesn’t compare with
> > real saving and real investment, where real retirement millions compound
> > over your lifetime.  "
> >
> >
> https://www.usatoday.com/story/money/columnist/2018/01/28/401-k-savings-buying-home-what-prioritize/1066728001/
> >
> > Buying isn’t always wise. Many cite tax benefits, but Congress just
> > downsized those, limiting property tax deductibility. Mortgage interest,
> > too. By doubling the “standard deduction,” Congress shrunk home deduction
> > attractiveness. These reduced benefits raise the bar on whether a home
> is a
> > good investment. But 401(k) saving remains just as tax friendly.
> >
> >
> > Investing in your 401(k) with a globally diversified stock portfolio
> likely
> > renders returns of 5% to 10% annually over the decades. Not spectacular,
> > but your fortunes won’t be tied to one Zip code.
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> >
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