Quote:
Originally Posted by TheLegacy
Well I'm in Canada - bought a house about 11 years ago - value went up as growth of community did. Sure there is upkeep but the equity is certainly worth it even now. Whether renting (which is about the same price as a mortgage payment) - I'd rather my money go for something that is going to leave something for my family.
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As well in many countries the appreciation on a primary residence is the only thing that is not taxed.