Co-produced by Austin Rogers
Your Personal Home: Investment Or Expense?
We hear it repeated all the time: Buying a personal home is a great long-term investment. Most of the time, this statement is given without any supporting argument but rather simply assumed to be the case.
“Of course, homeownership is a good investment,” people think. “It has to be better than just throwing money away by renting because I’m building equity in a real asset.”
But there are two counterpoints to be made in response:
- Homeownership is not necessarily a better financial decision than renting.