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A comment on America is full of high-earning poor people.

Re:America is full of high-earning poor people by Eridrus on Tuesday November 03, 2015 @07:37PM (#10503799)
It seems very weird to ignore homes people own in this analysis since it is the largest store of wealth for most people and produces ~5% dividends tax free in the form of not having to pay rent.
[ Parent | on HN ]
Re:America is full of high-earning poor people by toomuchtodo on Tuesday November 03, 2015 @10:32PM (#10504418)
Buying a home is not a "no brainer" investment strategy.

* It takes 5-7 years to break even on the transaction costs

* You might not have enough equity (or liquid funds) to sell if you need to move for a better/more preferred job

* There is no guarantee real estate will continue to appreciate at the same rate or ahead of inflation in the future

[ Parent | on HN ]