2018: Is a House Right For You by Michelle Schroeder-Gardner
Optimal Finance Daily - Financial Independence and Money Advice
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Is Home Ownership Right for You?
I think it's worth really questioning if buying a house is right for you based on where you are in your financial journey. In my case, i bought a house as a life style decision after i was debt free and investing heavily in retirement vehicles. While i don't look at my primary residence as an investment, i was house hacking for about two years with a roommate who covered 90 % of my mortgage. And i do plan to rent out this house in the future. Home ownership has high carrying costs, and if you need to access the money you have locked up in equity in your home, you either need to sell the house or take out a home equity loan which creates more risk.
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