|
Don’t listen to that fool. I work in real estate.
You make money on two places on a home. Appreciation and on the payment you make to pay off the loan.
You can make the most money off of appreciation. In fact in the last five years people who bought homes in my area made appreciation as high as $200,000 - $300,000.
That was in FIVE years.
If you buy a super expensive house and you overpay for it in an area that doesn’t have much appreciation. You might not do so well but probably in the The long run will make some money.
Think about this, if you roughly paid around $800-$1100 of rent per month and you do it for 10 years you lose $100,000 roughly. Does that make any sense!!!
|