29th Oct 2010, 08:38
Houses where we live cost over $500,000 on average. Meanwhile our rent is a $1,000. The math doesn't add up to buy here. On the other hand, we're moving to another state where homes are $150,000. I'm also not a believer in real estate as the best investment. Stocks have outperformed real estate on average for the past 100 years. Once we buy our home outright, we might think about getting a new car. But it's not going to be some $50,000 overrated rapidly depreciating car either. Probably be another Toyota that'll last 15-20 years with few if any problems."
Okay, I am all for straying off topic here and there, but now we are rating home prices??
28th Oct 2010, 11:57
Houses where we live cost over $500,000 on average. Meanwhile our rent is a $1,000. The math doesn't add up to buy here. On the other hand, we're moving to another state where homes are $150,000. I'm also not a believer in real estate as the best investment. Stocks have outperformed real estate on average for the past 100 years. Once we buy our home outright, we might think about getting a new car. But it's not going to be some $50,000 overrated rapidly depreciating car either. Probably be another Toyota that'll last 15-20 years with few if any problems.