But, but, but...Why tie up so much cash in an 'investment" that has such high carrying costs (property taxes, insurance, repairs? It also has a huge amount of friction, e.g., real estate agent fees, documentary stamps, closing costs? I can sell anywhere from $10 to the cost of whatever home you suggest buying in a safe pipeline stock paying 7% in 30 seconds and it costs $-0-.
I like your writing but the opportunity costs of doing so doesn't seem worth it. My wife and I paid off our home 5 years ago. I work hard.
But, but, but...Why tie up so much cash in an 'investment" that has such high carrying costs (property taxes, insurance, repairs? It also has a huge amount of friction, e.g., real estate agent fees, documentary stamps, closing costs? I can sell anywhere from $10 to the cost of whatever home you suggest buying in a safe pipeline stock paying 7% in 30 seconds and it costs $-0-.
I like your writing but the opportunity costs of doing so doesn't seem worth it. My wife and I paid off our home 5 years ago. I work hard.