Quote:
Originally Posted by Sly
I have a very similar argument to that in regards to buying a house or renting a house/apartment. I usually get a lot of eye rolling and "a house is the best investment you can never make." My ass it is.
|
It makes even less sense if it is a big house. taxes and insurancve are usually at higher rates and maintenance becomes a real expense. Jumbo loans over a million have much stricter requirements not because they want to but because they have to. Those houses drop in value all the time.