What age buy own property
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 Dec 13 2022, 02:31 PM
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#1
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Junior Member
90 posts Joined: Jun 2022 
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QUOTE(poweredbydiscuz @ Dec 13 2022, 02:14 PM) When you old, retired and no income, still have to worry about paying rent every month. Nowadays buy 1 house 500k, plus interest over 35 years is around 1mil, plus other hidden house ownership cost and renovation maybe go until 1.5mil.  Rent that same house maybe monthly 2k only. Do your math. Forever cannot breakeven one. House won't appreciate already. I rather use my cash for ETF which bring in 7-8% annual return. as77 and max_cavalera liked this post
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Dec 13 2022, 02:48 PM
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#2
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Junior Member
90 posts Joined: Jun 2022
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QUOTE(pisces88 @ Dec 13 2022, 02:42 PM) ETF also about timing. U buy in 2019 until now, still got 7-8 % PA meh. U probably losing or breakeven Just checked S&P500 up 57% since 2019 until today. LoL sorry don't have 7-8% it's 20% per year. Btw u shouldn't see ETF return at short term like that. House also can drop price in short term. S&P500 average 7-8% for the past few decades lol |
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