What more American Dream than a white picket fence in the suburbs?<\/p>\n
I guess a bucket of debt is.<\/p>\n
From a small-scale investor’s point of view, buying a house is huge. Most of us will never take on so much debt again in our lives. We might buy cars or education’s, but look at your loan docs some time, and check out that big repay number. The first time I signed a loan, I looked at the number and thought, “That’s really what I’m going to repay?” Turns out, I didn’t even come close to repaying that amount, but that’s a different story.<\/p>\n
Is it worth it? For the most part, yes. With the mortgage interest deduction, you’ve got a great tax deduction. It’s going to offset the cost of housing, and in some areas will make it cheaper month to month versus a rental. Of course the initial cost complicates the math, fees and downpayment and all. But, you’ve gotta have somewhere to live. Home ownership gives a lot of benefits that aren’t easily quantifiable in financial terms.<\/p>\n
But, back to the first question, what could go wrong?<\/p>\n
Well, the market could drop out from underneath you, and your home value could plummet.<\/p>\n
<\/p>\n
…more to come<\/p>\n","protected":false},"excerpt":{"rendered":"
What more American Dream than a white picket fence in the suburbs? I guess a bucket of debt is. From a small-scale investor’s point of view, buying a house is huge. Most of us will never take on so much debt again in our lives. We might buy cars or education’s, but look at your […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31"}],"version-history":[{"count":2,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/31\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/31\/revisions\/40"}],"wp:attachment":[{"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.outsiderinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}