“For most people yes,” says Mitch Parker, real estate investment expert. “Historically owners end up much better off financially than people who rent their whole lives. If you own a home and live there until the mortgage is paid off, even if there is no appreciation – and usually, there almost always is – you will still have an asset you own free and clear, worth hundreds of thousands of dollars. If housing prices go down, you’ll only ever suffer a loss if you sell. The argument against owning is that you can pay less in rent and invest the rest, but most people are not that disciplined.”
Is Real Estate Always a Good Investment?
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