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Money and Finances
Reply to "Mr. Money Mustache- DC version"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We decided to rent a cheap apartment and not have kids. No debt, maxed out 401k. It's amazing. We want for nothing and feel rich and free.[/quote] Well that's silly. Real estate can be a great investment and by renting you are just throwing money away.[/quote] Don't just mimic something your parents told you..... Not all real state is a "great investment". Real estate can appreciate at a far slower rate than other investments. I have many friends who bought during the bubble years on zero or next to nothing down loans and are just now putting teeny tiny amounts toward their principal. Paying interest on a loan is not an investment. Real estate can depreciate. Renting isn't throwing money away. Renting pays for a place to live. [/quote]
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