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7 Responses
I have owned for 15 years, 4 houses… 2 have 2x’d in value and the 3rd was a 25% growth in value. This 4th house I don’t really care about but it is already pretty good. You have to sell them for it to work.
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Right, but most people who sell a house have to buy another in the same market. You only win if you do market arbitrage or know how to remortgage *very* responsibly (sngpl.ma/t5Dz3)
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Yes. I suppose that is more true now that it has been in a very long time. I still think both is the best approach. But you are likely right if you have to choose 1.
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Ok. But you have to live somewhere. Rent goes where? I think people should be more responsible with what they pay for houses and their budgets but it’s not the market or the house. Should be both.
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I own my house now as a lifestyle expansion choice, but I waited until I was well past FI to consider it (sngpl.ma/t5Dz2)
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in our market rent is so much cheaper that put the savings in the market and you’ll have liquid wealth in no time. Saw a whole house for 2.4k/month the other day. Can’t buy for that, plus save all the maintenance etc (sngpl.ma/t5Dz1)
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