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@adaleow I would still love to hear your argument as to why the house is a bad idea if you care to share

@sam_17 Yes plenty but also was able to tap in the the equity multiple times to use the money and build a multimillion dollar business. Keep in mind as well that property taxes and insurance are nothing compared to what you’d be paying in rent. They may be close at first but rents go up, your...

@nathanaelwang Heres a scenario. House hack a multifamily or sfh with multiple bedrooms/basement that can be rented out seperately, with a 5% down payment, even if you’re just breaking even on the property your principal paydown should be greater than or equal your down payment within a few...

@adaleow I disagree. You’re argument is that the capital gains are meaningless against inflation... $90000 -> $1.3M in 34 years is essentially an 8.1% compounded yearly return. Inflation is no where near that. In addition to this it produces rental income every month (~$80000 last year). Not a...

@miralha Equity can be cashed out wjth a refi and used to purchase more rental properties, invest in the market, start a business, etc.

@mymessagetou Same here bought for $90k 34 years ago, worth $1.3 million now