Re:The Five Biggest Myths About Saving Money, According to a...
by polartx on Thursday November 12, 2015 @03:03PM
(#10555706)
This kind of generic financial advice is dangerous, and pretty irresponsible for someone in his position (and supposed expertise).
I bought my first house while I was still in college. I patiently waded through the 8 month process of buying a short-sale property. I invested maybe $5k over 2 years (and a lot of elbow grease) in making improvements and netted $40k when I sold it.
Home ownership carries risk and responsibility, but leasing is restrictive and will never provide any kind of returns. In my case I was basically paid to live in my house, vs the $28k in rent it would have cost me
I bought my first house while I was still in college. I patiently waded through the 8 month process of buying a short-sale property. I invested maybe $5k over 2 years (and a lot of elbow grease) in making improvements and netted $40k when I sold it.
Home ownership carries risk and responsibility, but leasing is restrictive and will never provide any kind of returns. In my case I was basically paid to live in my house, vs the $28k in rent it would have cost me