Quote:
Originally Posted by Alex from Montreal
Interesting strategy. Personally, I don't really consider a home an investment, and I seriously doubt "investing" in a home will yield a higher return in the long term than investing monthly in stocks. Retirement saving account are also tax free.
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I wouldn't say our home is necessarily an investment (although its market value has increased by a fairly healthy 20% over 2 years), but as a family man I want the security of "owning", so I may as well make a bit of money out of it by saving on interest in the meantime.
Obviously, this only works when you can't pay for the property with cash - the bank isn't going to start paying you interest if your loan balance goes positive...