Re: Owning a house.
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Results oriented-thinking about the short-term. Long-term houses appreciate at almost exactly the rate of inflation. And there are costs that go along with this (interest, taxes, maintenance, etc). Sure, you are leveraged so that can help, but it is often a much better idea to put that money elsewhere and rent.
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in a typical market, a house appreciates about 8% every year or another way to think about it is it doubles in value every 10 years. that does much better than inflation.
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Where did you get this from? Back up your stats please. The graph posted disagrees with you.
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