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Re:Why is America the 'no-vacation nation'? by Mz on Tuesday May 24, 2011 @04:31AM (#2579102)
If you'd invested in an index fund, you'd have made $42,000.

And also likely have moved several times at an average cost of around $2000 per move, seen rent increases above what his current mortgage is and so on. The odds are poor that all other things would have remained equal. I owned a house at one time. I benefited by about $2000/year over the time I owned it. When I refinanced, I got my escrow back and had no mortgage payment for a month. Then my payments after that were lower. No landlord in the world is going to drop by your apartment and leave you with a nice hefty check, say "Don't bother to pay me rent this month and, oh, next month your rent is going down. Cheerio!"

Re:Why is America the 'no-vacation nation'? by pdubroy on Tuesday May 24, 2011 @12:56PM (#2580619)
Great, then it worked out for you. I'm not saying there are no advantages to owning a house, but it's not a magical investment vehicle. Many people seem to just compare the purchase price to the sale price and think, "Wow, what a gain!" without considering all the other costs, or as what they could have made with another investment over the same period.
Re:Why is America the 'no-vacation nation'? by camiller on Tuesday May 24, 2011 @01:41PM (#2580790)
I never said it was an superior investment vehicle vis-a-vis investing in the market. Compared to renting is a different story.