Quote:
Originally Posted by Weitz
^^ value in a home though isn’t just quantified in making money though. The appreciation is nice but having $500k in an asset is nice too. I karge portion of people who rent for 25 years won’t have $500k in savings.
You always need a place to live so it changes the economics a bit.
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This is a behavioural choice. Owning provides forced savings. With the ease that HELOCs are handed out now I'm not sure that homeowners in general will have a 500k asset in 25 years either.