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by GenerWork 580 days ago
If you view your house as an investment first and a place to live second, then yeah, it probably will be a bad investment especially with interest rates, maintenance costs, and insurance rates remaining high.

That being said, I do enjoy being a homeowner more than a renter. No shared walls, no waiting for maintenance, no worrying about whether the landlord will increase my rent by a lot, and I have a back yard for plants and a fire pit. Never got that while renting.
1 comments
BeetleB 580 days ago
Yeah. If instead you buy a house on leverage to rent it out, it can be a decent investment. If you're lucky the down payment is your only cost and the renter will pay for everything else.

And you get good tax benefits.

And if you make it a short term rental and do things right you can deduct the depreciation against your W2 income. This can be a massive benefit if you do accelerated depreciation.

It still won't be a great investment unless there is significant appreciation...

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