Quote:
Originally Posted by xxweekxx
so whats your argument.. im interested in hearing it
|
Your mortgage rate alone is going to be 5-8%. This doesn't include property taxes, homeowners insurance, regular maintenance, major repairs, and down payment. If you are lucky, overtime you might make 3% or so. So you are spending a minimum of 5% on interest, a ton on all of the additional bills, and you might make 3%. Might.
If you know how to spot value, like Tanker... sure, it could certainly work. But that takes a lot of effort and some experience and a lot of patience. Most people cannot pull it off.
Right now I can rent for about half the price that it would cost me to own. I take that extra money and invest it instead. I do also own a rental that pays for itself. If I lived in my own rental, it would significantly increase my personal cost of living. I don't need much, I'm perfectly fine with my low-cost of living and do not want to increase it.
__________________
Vacares - Web Hosting, Domains, O365, Security & More -
Paxum and BTC Accepted
Windows VPS now available - 3 months free for GFY members - 3 slots available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.