Quote:
Originally Posted by angdefeo
The one thing you didn't factor in is that in the end of 30 years....you can sell the house and recoupe some of the money that you have paid out over the years.
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If you can only recoupe some of the money then you didn't invest, you lost money right? I personally think its worth it to own a home because of the feeling of being perminent and doing what you want to it when you want.
The renter has full access to his money at all times and can invest how they see fit. If one market drops you move to a better one. I am willing to bet house appreciation is much lower the investment %. At the end of the 30 renters, they don't have to rely on a good sellers market or waiting sometimes a long time to sell. Not to mention if the homeowner needs money in a bind they refi the house or take a loan out against the house, paying interest to spend their
own money while the renter has a nice savings account accompanied by a nice investment portfolio and uses their own money penality free.