I can’t really wrap my head around it, you can have a tenant in there that maybe covers the mortgage, but it’s not really a good investment if you’re not getting a return?
Even if you use 500k to buy a property cash, wouldn’t that money be better off in the market?
In: Economics
Answer: most home values increase over time, often substantially. You can rent or use the equity to borrow additional funds for other purposes. And you have to live somewhere- better to own something than to throw money away in rent.
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