Quote:
Originally Posted by ranchlandsselling
But don't expect to make a ton of capital gains off of a house. That should be a bonus on top of living in it and paying down the mortgage so you have an asset at the end of the amortization that is worth a substantial amount of money.
|
That's my favorite part of home-ownership. It's a forced investment towards yourself.
Yes, there are probably better ways to invest money that may or may not get you more capital gains, but those require effort and intelligence. Effort that most people won't make because they are too busy working and living their lives, and intelligence that I don't have. Putting money towards your mortgage every month is effortless and consistent...and it's an investment that you can can actually enjoy while it accrues.