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0 pointsapwell237mo ago0 comments

then it wouldn't be "smartest investment"

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I moved from an expensive real estate market to a less expensive one. That has nothing to do with appreciation — just equity.

Further, when I downsize — even in the same real estate market — that too is equity working in my favor independent of appreciation.

sokoloff7mo ago

How is getting your own money back, many years later, without appreciation "equity working in [your] favor"?

Without the appreciation (and leverage multiplying that), buying housing would be nowhere near as good an investment. (As it stands today, it's phenomenal, of course.)

JKCalhoun7mo ago

The alternative of course is giving your money to a landlord (and zero equity and zero money back). That is certainly less favorable?

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JKCalhoun7mo ago

I moved from an expensive real estate market to a less expensive one. That has nothing to do with appreciation — just equity.

Further, when I downsize — even in the same real estate market — that too is equity working in my favor independent of appreciation.

sokoloff7mo ago

How is getting your own money back, many years later, without appreciation "equity working in [your] favor"?

Without the appreciation (and leverage multiplying that), buying housing would be nowhere near as good an investment. (As it stands today, it's phenomenal, of course.)

JKCalhoun7mo ago

The alternative of course is giving your money to a landlord (and zero equity and zero money back). That is certainly less favorable?

1 more reply

j / k navigate · click thread line to collapse