Danmar
Thinks s/he gets paid by the post
The article reinforces my point which is even if you break even on the out of pocket costs of ownership, you get to use the house rent free. This is a very good benefit. However, to be fair you should also impute the opportunity cost of purchasing a house ie if paying cash how much would you have earned on such cash. The analysis is complicated and dependent on life style. Obviously, by virtue of owning four homes, I have stated my lifestyle preference.I view home ownership as saving money more that making money. A person can make money around here but it is nothing to get excited about. Many of you would enjoy reading this in the wall street journal How Houses Eat Money - WSJ.com
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