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by CommenterPerson
334 days ago
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Central NJ was a great place to buy, at least until Covid. A great way to build wealth here has been: start at a young-ish age at a low end. Over time, sell / rent that out and keep moving up slowly using a mortgage for your primary residence. Over the decades one can own their own residence and have one or more rental properties. Those bring in steady retirement income, which does not depend on daily stock market gyrations. These rent vs. buy calculators all end up in paralysis by analysis. Everything depends on assumptions. Yes, in the Bay area the calculations may work one way. But there are so many ways around that. A remote job. Starting with a rental property 100 miles away. |
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