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by kcplate 930 days ago
I bought a home in 2017 and considering what I have spent on down payment, mortgage, taxes, insurance, and standard home maintenance and improvements in the last six years if I sold it today I would still make about 35% more than all the cash I have put into it so far. My home is simply not an expense, it’s a savings account I get to live in.

Of course YMMV…
2 comments
dagw 930 days ago
Consider yourself lucky. If I was to sell my house today I would probably get basically the same price I paid in 2017. All the money I've spend on renovations and improvements are 'lost'.

That being said, I love my house and I'm very happy I get to live here. So in the grand scheme of things I still consider buying this place a huge win.

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ulizzle 930 days ago
Well I didn’t think of it that way. I admit im sentimental about it but it’s not sounding too bad too sell now either

I’m in Austin, so my house went up in value quite a lot.

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kcplate 930 days ago
We are in a similar situation (Florida). I’ll admit it’s tempting to sell and grab that cash, but the more I run the math it just makes sense to stick around until we have to sell, or if it looks like the real estate marker starts moving the other way. Then we hop out, ladder the proceeds into some CDs and use the interest to rent until we find the right place to buy again.
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