[jnamaya]

I live in a high renting area where finding a decent 2 beds apartment for 2k is becoming almost impossible.

I own a two beds family home in this area with an estimate price of $400,000 and I pay $1,700 in the mortgage every month.

That comes down to $20,400 a year.

Now the appreciation rate of a house in the US is about 5% every year.

In a $400,000 home, that comes down to around $20,000 in appreciation every year.

So in theory, I'm only spending $400 for my housing.

After the recession in 2008 though, some houses have been appreciating at a rate of 20% or more.