Issue 46 - August 20th, 2021 Your home does not automatically appreciate in price, and far too many people incorrectly assume they will always make money when they go to sell their home. A primary residence is so much more than an investment, and you need to understand that it serves utility and purpose above and beyond financial returns. Owning a home does not make sense for every single person and sometimes renting is a better path depending on your life stage or situation. Don’t buy a home “just because rates are low” or because you are “throwing away money on rent”. There are pros and cons to renting and owning, and it all depends on your situation - don’t get caught up in comparing yourself to whatever else is doing to influence an ill timed purchase decision.
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Homes Don't Always Appreciate
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Issue 46 - August 20th, 2021 Your home does not automatically appreciate in price, and far too many people incorrectly assume they will always make money when they go to sell their home. A primary residence is so much more than an investment, and you need to understand that it serves utility and purpose above and beyond financial returns. Owning a home does not make sense for every single person and sometimes renting is a better path depending on your life stage or situation. Don’t buy a home “just because rates are low” or because you are “throwing away money on rent”. There are pros and cons to renting and owning, and it all depends on your situation - don’t get caught up in comparing yourself to whatever else is doing to influence an ill timed purchase decision.