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Reply to "True/False: you should buy the most house you can afford (in this area) to maximize appreciation"
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[quote=Anonymous][quote=Anonymous]I've heard of people saying they use their mortgage as sort of a forced savings and/or buy a more expensive house so their home value (over 15-20 years, not short term) appreciates more in whole dollars. So, from a strictly financial/investment stand point, would you "trade up" from a $700k house to a $950k house (assuming you could afford to) as a vehicle for investment? Or would you just focus on other areas of investment such as paying off the mortgage on the current home? What else would you do with extra money? For the purposes of discussion, assume that: 1. Current house is "big enough" and in good schools 2. 401k/IRAs are maxed out in either scenario Discuss![/quote] We did that on our first house in 1999. Bought the biggest house we could afford - That was 3 houses ago and it has worked well for us. We are likely in our final house now and rolling the appreciation each time has put our LTV around 25%. [/quote]
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