Quote:
Originally Posted by pepper24
If you sell high, your next place is high. If you sell low, your next place is low. Net sum game technically assuming you need a place to live. Add in real estate costs, up-keep, property taxes, compound interest over amortization etc. and it's a negative game.
That's why I cringe when people say that buying a home is a great investment. It's a necessity and an investment in your lifestyle but financially there are much better investments.
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Not sure I agree with that. There aren't too many investments that I could own worth over half a million dollars already...