[Velvet]

Originally Posted by CoachKandSportsguy

I would second this advice, and that has been our strategy as well, with a fully paid house in New England, which is worth more than the mortgage in tv, we invested as a rental for now.

The other mistake to make is to assume that the house, in which you live, is considered an investment. Your house is not an investment, regardless of what marketing and sales will tell you. A house is an illiquid asset, but not an investment, unless you are renting it out collecting income

Sorry, But Your Home Isn't an 'Investment' - The Simple Dollar

The word investment is used in a lot of different contexts and can mean a lot of different things. But from a purely financial perspective, this definition from the Merriam-Webster dictionary works well: “the outlay of money usually for income or profit.”

so from a cost to the purchaser point of view, house prices are currently rising faster than product inflation and with the expectation of slightly higher inflation, prices are predicted/expected to continue to rise at the current rate at a minimum

sports guy

Depends on where you are. The homes in my area up north appreciated dramatically. My home sold for 540% more than what I bought it for while salaries during same period increased 82%. If you did not buy a home several years ago you not only can’t afford to buy one today unless you are in the top percentages of earners but would have difficulty even buying a 2 bedroom condo in this area. One of my best investments was buying property. Worked even better for Mr. Schwartz.