Quote:
Originally Posted by MarchHare
Out of curiosity, if you had spent $300k on a home in Calgary in 1986 (25 years ago), how much would it be worth today? I honestly don't know the answer, but I suspect over that period the average home in Calgary has appreciated more than 100%, even after the market downturn of 2008.
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I ran the numbers - if your property value doubled during a 20 year term you own the property at, your return is 3.5% (which makes sense - it should be ~inflation).
Depending on how you want to say "my mortgage is not a debt, and its different here because _____" where the reason is that you do get returns, then I would say if I take out a loan at 6% fixed, to buy the entire NASDAQ index, I am not in debt because I am making 3.5% as well.