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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I Didn't realize how expensive home ownership was until I sold my house. Wow. So much more disposable income. Now, I can save more, I can travel. Property taxes, landscaping, labor cost etc...man they add up.

I really thing we need to review the standard advice we have been giving people about becoming homeowners. When you look at the trajectory of property taxes for example I am honestly wondering how is homeownership still the best way to build wealth. [/quote]
And you think renting is cheaper?
Renting is only cheaper if you rent a smaller home than the one you would buy.
Do you think you can rent a home like the one you sold for less than your mortgage? I doubt it.[/quote]

+1. Yes, I like how OP says nothing about her rental costs.  Buying usually leads to great appreciation, which is why I’ve owned six homes and keep moving up. Plus tax breaks. It’s called diversifying your investments and everyone who can do so should buy and hold.[/quote]

You are effectively wasting your money. Very few people actually run the numbers . Home appreciation is nowhere near S&P . A mansion in DC was $600k in 1990s. Now it’s $4m house (if you are lucky with best zip codes). 
If you invested in stocks you would have $5.6m now and no worries about house maintenance.
It also very much depends on RE class. Condos actually depreciate not appreciate  
 [/quote]

It doesn't work like that.  If you bought the $600k house in the 90's, you down paid $120k + mortgage payments.  So if comparing the returns to stocks, it should be based on returns on. $120k + paying rent.[/quote]

Not for investment property where you don’t live [/quote]

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