Quote:
Originally Posted by will76
Buying your own home is in no way an investment, it is just smart thing to do instead of throwing your money away renting. You have to do the math, in some cases renting makes more sense financially then buying but in most cases it is better to buy.
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Correct, it's not a true investment. If you calculate how much you spend on interest over a 25 year mortgage it's a ton of money. Renting does make sense in some instances, but for most it will always be better to buy.