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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by wankle on Monday March 06, 2023 @03:04PM (#35046815)
I'll throw in the 180K mortgage interest and the mortgage insurance which I also forgot and wager I still come out ahead. Rent would be somewhere between $750K to $1M over that time and none of it is returned.

Since we control our mortgage, we paid it off early, at around 15-16 year mark (due to my wife making me realize the importance of it). We live rent and mortgage free the rest of our lives thank God. I only wish I'd kept either of our 2 former houses instead of taking better job offers requiring moving ultimately to the bay area where we couldn't afford to buy a home. Texas is nice though!

My Dad always said, buy a house as soon as you can.

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by jedberg on Monday March 06, 2023 @03:30PM (#35047141)
Just use this calculator:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...

In most Bay Area markets, it makes more sense to rent than buy from a purely financial prospective. It's only if you value the ability to modify the home or have a sense of permanence that it starts to flip.