Maybe Treating Housing as an Investment Was a Colossal Mistake

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by 88913527 on Monday March 06, 2023 @12:38PM (#35044294)

How is it exactly a retirement plan if your house goes up 200% over N years, but so do all of your neighbor's homes? You aren't changing your relative position to them.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by NovemberWhiskey on Monday March 06, 2023 @12:43PM (#35044423)

If all homes increase in value by the same percentage, you generate a lot of cash by owning for a long time and then downsizing, or moving to a location which started out with cheaper property.

Or, you're going to pass on your home to your children, so it becomes part of the value of your estate. Or if you don't have any children, you can just reverse mortgage and get cash out that way.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by s1artibartfast on Monday March 06, 2023 @01:16PM (#35045103)

You sell your house and go back to renting or get a reverse mortgage.

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