Re: Buying vs renting
Greg Bolcer <[email protected]>
| Newsgroups | gmane.culture.people.rohit-khare |
|---|---|
| Message-ID | <[email protected]> |
Someone should invent the sharing housing economy—oh roommates yuck. Sent from my iPhone > On 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. >> _______________________________________________ >> FoRK mailing list >> http://xent.com/mailman/listinfo/fork > > > _______________________________________________ > FoRK mailing list > http://xent.com/mailman/listinfo/fork _______________________________________________ FoRK mailing list http://xent.com/mailman/listinfo/fork