For a long time, conventional wisdom seemed to be that you grow up and buy a home because that’s just what you do. But lately, people are realizing that it isn’t always the smartest financial move. Obviously, the housing crisis has a lot to do with that—it’s made people question the standard assumption that homeownership equals financial stability.
Homeownership isn’t a good or bad idea on its own. It has everything to do with your own situation. Sometimes, buying a home is the smart thing to do; other times, it really isn’t. Whether or not it’s smart for you will depend on a few different factors. Here’s what you should keep in mind.
The biggest argument for owning a home is that it’s an “investment.” But a lot of people tend to overestimate the return on this investment.
People tend to believe that homes are appreciating assets, but this isn’t always true. Overall, the housing market doesn’t have a great long-term return. It barely outpaces inflation, in fact.
| 100% Management, Po Box 12404, Gainesville Fl 32604 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| A Jones & Associates, 2815 Nw 13th St Ste 200, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Abc Real Estate & Mortgages, 4121 Ne 15th St Ste 106, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Action Real Estate Services, 6110 Nw 1st Pl Ste B, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Advanced Realty Services Of Gainesville, 3720 Nw 43rd St Ste 105, Gainesville Fl More ... |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Advex Realty, Po Box 357475, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Allison Ables Real Estate, 2835 Sw 91st St Ste 300, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| American Dreams Realty, Po Box 357782, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| American Real Estate & Development Corp, Po Box 141291, Gainesville Fl 32614 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Amj Inc Of Gainesville, 502 Nw 16th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Amj Realty, 502 Nw 16th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Arnold Realty Company Of Gainesvile, 2026 Nw 17th Ln, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Ashby Hintze & Associates Real Estate, 708 Ne Boulevard, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Asset Management, 2624b Nw 13th St, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Associates Realty Services, 2622 Nw 43rd St Ste A3, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Berkshire Hathaway Home Services Trend Realty, 4141 Nw 37th Pl, Gainesville Fl 3 More ... |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Berkshire Hathaway Homeservices Trend Realty, 4141 Nw 37th Pl, Gainesville Fl 32 More ... |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Blue Sky Properties, 5005 Nw 119th St, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Bosshardt Property Management, 5522 Nw 43rd St Ste B, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Bosshardt Realty Services, 5542 Nw 43rd St, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Brg Realty Ventures, 7218 Nw 14th Ave, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Bristol Park Realty, 4635 Nw 53rd Ave Ste 201, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Campen Auctions, Po Box 140907, Gainesville Fl 32614 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Campen Realty, Po Box 140907, Gainesville Fl 32614 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Campus Realty Group, 1008 Nw 13th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Carl Turlington Real Estate, 2615 Nw 6th St, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Classic Properties Of North Florida, 3921 Nw 97th Blvd Ste 101, Gainesville Fl 3 More ... |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Coldwell Banker M M Parrish Realtors, 319 Ne 6th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Coldwell Banker M M Parrish Realtors, 7515 W University Ave Ste 201, Gainesville More ... |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Commercial Real Estate Syndicate, 10144 Sw 98th Ter, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Comprehensive Realty Consultants, 101 Nw 75th St Ste 2, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Darrell Elmore & Associates, 2305 Nw 52nd Pl, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Dawn Realty, 1841 Nw 14th Ave, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Emerson Realty, 110 Nw 2nd Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Emmer Development Corp, 2801 Sw Archer Rd, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Equity Property Investments, Po Box 14422, Gainesville Fl 32604 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Exit Realty Producers, 3600 Nw 43rd St Ste G1, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Exquisite Land Realty, 10816 Sw 18th Ln, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| F & W Forestry Services, 4631 Nw 53rd St # 102, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Ferro Real Estate Partners, 2131 Nw 40th Ter Ste D, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| First Choice Realty Of North Florida, 825 Nw 13th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Fletcher Realty Services, 1720 Nw 122nd St, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Blue Farms, Po Box 357862, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Land And Homes Realty, 7701 Nw 21st Dr, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Real Estate Sales, 3920 Nw 33rd Pl, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Woodland Consolidated, Po Box 357845, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Woodland Group, Po Box 357845, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Florida Woodland, Po Box 357845, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Focus Real Estate Group, 4631 Nw 53rd Ave Ste 105, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Focus Referral Group, 4631 Nw 53rd Ave Ste 105, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Freeman Realty, 2622 Nw 43rd St Ste C1, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Front Street Management Group, 4735 Nw 53rd Ave Ste B, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Front Street Realty Group, 4735 Nw 53rd Ave Ste B, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| G W Robinson Realty, 6208 Nw 43rd St, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Gainesville Homes Realty, 9466 Sw 32nd Ln, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Gator Realty, 1320 Nw 3rd Ave Ste 206, Gainesville Fl 32603 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Golden Rule Property Management, 4509 Nw 23rd Ave Ste 10, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Gore Rabell Real Estate, 909 Nw 6th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Green Tree Realty, 2632 Nw 43rd St Ste 2110, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Haufler Realty & Investments, 3700 Nw 91st St Ste A100, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Hogtown Properties, 410 Nw 16th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Ibroker Real Estate, 4036 Sw 21st Ln, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Ils Network Florida Brokerage, Po Box 358503, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Infinity Realty & Investing, 5214 Sw 91st Ter Ste B, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Investors Realty, Po Box 140239, Gainesville Fl 32614 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Irene B Larsson Real Estate Services, 2835 Nw 32nd St, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| J & S Commercial Real Estate Services, 2579 Sw 87th Dr, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Jim Jean Real Estate, 4131 Nw 28th Ln Ste 1, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| John Merrill, 825 Nw 13th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Jurnigan And Company, 410 Nw 16th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Karl R Owens Jr Realty, 3610 Nw 166th Ave, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Kropp Realty Services, 4881 Nw 8th Ave Ste 3, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Legacy Realty And Properties, 1223 Nw 114th Dr, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Linda Lu, 8510 Sw 7th Pl, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Linda Lu Investments, 8510 Sw 7th Pl, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Ljb Development Group, 5745 Sw 75th St # 139, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Management Specialists, 101 Nw 75th St Ste 2, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Martinback Group Referral Company, 3600 Nw 43rd St Ste G1, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Matchmaker Realty, 3947 W Newberry Rd, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Matchmaker Realty Of Alachua County, 3947 W Newberry Rd, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Matthew Feagin Real Estate, 5017 Nw 11th Pl, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mbaldwin Realty, Po Box 90136, Gainesville Fl 32607 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mc Kinney Realty Company, 3540 Sw 63rd Ln, Gainesville Fl 32608 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mcgurn Management Company, 101 Se 2nd Pl Ste 202, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mench Real Estate Capital, 5200 Nw 43rd St Ste 102, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Merrill Management, 825 Nw 13th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Metz & Company, 2201 Nw 27th Ter, Gainesville Fl 32605 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Miller Real Estate, Po Box 358503, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Miller Real Estate Referrals, Po Box 358503, Gainesville Fl 32635 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Misner Real Estate Services, 2632 Nw 43rd St Ste 1110, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mitchell Realty Services, 201 Nw 10th Ave, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Moeller Realty, 1008 Nw 13th St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Mr Real Estate, 1010 Nw 43rd Ave, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Myresortnetwork.com, 10818 Nw 18th Ct, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Nautilus Realty, 4623 Nw 53rd Ave, Gainesville Fl 32653 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Pais Realty, 1826 Nw 10th Ter, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Paradigm Properties Management Team, 220 N Main St, Gainesville Fl 32601 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Park Avenue Realty Group, 7701 Nw 21st Dr, Gainesville Fl 32609 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Pepine Realty, 4130 Nw 37th Pl Ste A, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
| Pepine Realty Referral Network, 14134 Nw 18th Avenue, Gainesville Fl 32606 |
|
Get contact info and detailed information for real estate companies. Information on MLS, how it works, and how it can help you sell your home. ...Real Estate Company Details - Click Here! |
Over the past 100 years, home prices have only grown at a compound annual rate of 0.3%, adjusted for inflation. The S&P 500, on the other hand, has had an annual return of 6.5%. That’s a big difference.
While that single real estate asset might help protect you against inflation, a well-balanced stock and bond portfolio seems to be a better investment. But a lot of people’s portfolios are mostly made up of their home value. You wouldn’t put 80 percent of your portfolio in a bond simply to protect against inflation (unless maybe you were nearing retirement) so why would your home make up that same amount? That’s the argument against buying a home as investment.
When making the decision it is important to understand that buying a home might not be a great financial investment and to not forgo all of your investable assets in order to purchase a home because you are really purchasing a right to housing and not a long-term investment designed to generate income.
Most experts agree that while housing is an investment, it’s not a great investment. So if this is your only basis for buying a home, it’s probably not the best one.
Decide How Much You Can Afford: In deciding whether you can afford to buy, you’ll have to figure out how much home you’re planning on buying in the first place. One rule of thumb for figuring out this number: your home should cost no more than 2.5 times your salary. Of course, this just gives you a ballpark figure. It doesn’t consider your net worth.
Weigh the Opportunity Cost of Renting Versus Buying: While your home might not be the best investment, in the end, it’s still yours. Even if it barely outpaces inflation, at the end of the day, you own it, and that’s worth something. When you rent, you own nothing—the money is given to someone else. So lots of people argue that you should own a home because one day, you’ll pay that home off and it’ll be yours, rather than continuing to pay rent for the rest of your life.
Copyright © 2023 All Rights Reserved Homeowners-Associations-Florida.com
Contact | FAQ | Terms of Use | Privacy Policy | Website Disclaimer