Quote:
Originally Posted by Peaches
You're forgetting he would have had to pay rent if he didn't own his own home. Add that into the equation. Even if he was paying an average of $500 a month over 40 years (40 years ago it would have been less and now it would be more) - that's $240K he would have spent out of his pocket. And 10% return backed up by RE instead of stocks a year ain't horrible.  |
That $5,000 in Berkshire Hathaway shares would have made him a multi-millionaire 40 years later and that $240k in rent would have been chump change for him.
