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Reply to "44, I don’t own a house but kids are in private and college is paid for…"
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[quote=Anonymous][quote=Anonymous]This owning versus buying is very individual. I sold my home end of 2019. When the market crashed in March 2020, I put most of that money into market. My rental was 30% cheaper and much nicer than my home had been. I also got 2 months off during covid when no one was looking to move. The money in the market did 10x+ within 1.5 years. I went on to sell two more properties, because of my abilities to invest now. Down markets are great. I was never going to use whatever is on that list of 'benefits' for homeowners. Not even refinancing, because I had 15 year loan and I was 11 years in. Being able to move when I need or want to and not having maintenance expense, would be an overkill in my case. I know what it cost my latest landlord to make the place ready for me and there's the A/C that needs fixing. Meanwhile, I get my rent paid by just the fluctuation of the market without losing the number of shares. I may buy one day when it makes sense. [/quote] You just got lucky. I have a small home. I bought it cheap. It is in excellent condition, low maintenance. A home is a shelter first and foremost.[/quote]
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