Quote:
Originally Posted by Sly
You are right, I was off on my 3%.
New home appreciation is 5.4%, general inflation is 4.4%.
Tax breaks, sure, those are nice... but is it enough to justify the rest? If you want to buy a house, buy a house. Don't buy a house because you think it's something amazing investment. It isn't. The math says the opposite time and time again.
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Not saying its a fantastic investment and you should be buying 10 rental properties.
But if you're planning on living in one location for an extended time you should be buying and not renting. The tax break on mortgage interest alone makes it worth it.