Buying a home- when you rent you can’t paint the inside of the apartment, get new counter tops, maybe even new stove, or fridge, you sign a lease and may be forced to have increased rent- it sucks – and ALL the money you pay in rent you never get back-
Home ownership if the foundation of wealth and with a home you can rent a room, rent the home out, build equity, create stability for your family-
My family built generational wealth with home/farmland ownership- and still invested in stocks with disposable income
Which is the better investment, buying a home or investing in stocks
byu/EyeAmmGroot infinancialindependence
Posted by EyeAmmGroot
7 Comments
Both if you are going to live in the same place for 10+ years
Stocks only if not
With today’s mortgage rates it’s a wash.
You don’t know until you do it. Pick one and don’t sweat the details.
Housing could go through a historic correction and rates get crazy, banks gouge you (when you thought they couldn’t) and returns stay flat.
The market is capable of having a lost decade with multiple negative years or zeroes, and returns after 10 years stay flat.
It’s good to be in both if you can, but if you have to make a choice then choose it and let it ride.
Housing is a commodity disguised as an asset by terrible policy
The stock market appreciates more than home prices.
This is likely better for an investing sub.
https://youtu.be/q9Golcxjpi8?si=EZe7Z0Z6bdXqOYcm