Quote:
Originally Posted by pocketkangaroo
I would disagree. Many homes appreciate at a higher rate than many investments. In parts of Chicago, there have been 10-20% yearly increases in value in some homes. While it is more tied up than money in a stock, it's no different than any long term investment or retirement account. Your money is still making money. If you can rent out your property too, you're essentially having someone else pay for your property.
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I bought my house in Phoenix for $220k in 2002. It's currently worth $400k, and I have a renter paying most of that for me.
I bought my house in Northern California for $560k. I had an appraisal done just last week and they are telling me it's worth $790k.
Good job!