Re: Buying vs renting

Since the market will never go down, what do you have to lose?

/s

> On Feb 20, 2018, at 5:36 PM, Lucas Gonze <[email protected]> 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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