Re: Buying vs renting

Well, over some timeline, that is true.

But also it applies equally to housing prices. You can't time the market,
and you can't time housing prices.

On Tue, Feb 20, 2018 at 5:37 PM, Lorin Rivers <[email protected]> wrote:

> 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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>
>
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