Is a house really an investment?

[MtCamper]

The most important thing this thread has missed is the ability to sell your primary residence with no tax on the gain in value. If you buy fixer-uppers or build using you own sweat equity you can sell every 5 years and reinvest the profit in a new property and do it over again. After 2-3 flips you should have your house mortgage free. IMO you must have a mortgage free house to enjoy retirement.

Sponsored

 

[RoadiJeff]

Is a house really an investment?

It can be, under the right circumstances. A co-worker of mine bought a house in 2020 that he says is 5 minutes from the entrance to Disneyworld. He lives in Missouri and bought it to rent out for $350/night to Orlando area vacationers. He told me yesterday that business is booming.

Back in 2020, he paid $350,000 for it. He said he's been offered as much as $650,000 for it this year but he doesn't want to sell.

 

[momohirai]

yes, it's an investment especially these days where everything the inflation is high. you can also make it as an asset.

 

[Speedneed]

Perhaps a conclusion that most of us can agree on is that real estate is a better financial investment than a car - even a Jeep.

Sponsored