A friend of mine called me out on real estate being an "investment" (making money) some years back. After having done the math on a bunch of homes, his thesis was that once mortgage interest, taxes, repairs, upgrades, etc. are factored in, there is not much ROI.
Just thinking about my house, even though it's gone up 50% in 13 years, it's probably a wash based on what I owe and have put into it. And that's at 2.8% mortgage interest. At 5, I'd be under water.
There are many, many things in life that I'm willing to own out of pure emotion—a camp that allows me the lifestyle of Winni is just one of them.
Sent from my SM-G950U using
Winnipesaukee Forum mobile app