What am I missing?
The disadvantage was an unrealized loss a quarter of the way through a lifetime's ~60 years of home ownership? Which now after ~30 years has a ~300% return (about 10% per year, not compounded) above inflation (the previous chart adjusted for inflation) minus your mortgage rate which you would have refinanced ~20 years ago.
I'm not smart enough to tell you which was harder to start out making a home purchase or what has been or will be a better investment, but it's not a runaway either way.
However, as far as being able to afford housing in general rather than how well the investment has or will pay off, this chart speaks for itself.
[Post edited by jmanatVT at 06/13/2019 3:49PM]
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In response to this post by VaAkita)
Posted: 06/13/2019 at 3:47PM