by GNL ➕follow (0) 💰tip ignore
Comments 1 - 2 of 2 Search these comments
Of course; the advantage of home ownership is intangible, not financial.
It's nice knowing what your expenses will be (except for tax increases).
You also won't be evicted, so you won't have to look for another place somewhere else.
I rented a cool place for decades and had reasonably low rent, so I invested a lot of dough.
I'm very happy with the results so far.
https://www.yahoo.com/finance/news/warren-buffetts-31-500-house-181400983.html
"In a 2010 letter addressed to his Berkshire Hathaway shareholders, Warren Buffett expressed his belief that homeownership is a sensible choice for most Americans. However, he also acknowledged that he would have made far more money if he had opted to rent and used the purchase money to buy stocks. The exact quote included in the letter to shareholders was:
"Home ownership makes sense for most Americans... All things considered, the third best investment I ever made was the purchase of my home, though I would have made far more money had I instead rented and used the purchase money to buy stocks."