What Does Buying A House Do To My Investment Plan?
Ideally, nothing! It really should be a part of your entire plan, unless home ownership is not a priority to you.
Should it be a priority?
For many people it is, but like nearly anything on the planet it really comes down to solid understanding of the individual choices you could make, and why you’d make them. This is probably slightly different advice than you’ve heard other places, so I’ll tell you why I say what I say.
More important than anything else is, why are you buying a house?
If your answer is because it will be worth a lot more in future years, know the historical appreciation rate for your market, and the likelihood that people will want to move there in the near future. The appreciation rate must be higher than inflation for your investment to grow and actually BE worth more in the future.
If your answer is Read More …
