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.
| A & V Realty, 8461 Lake Worth Rd Ste 164, Lake Worth Fl 33467 |
|
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 Rare Find 4u Realty, 229 Gleneagles Dr, Lake Worth Fl 33462 |
|
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 Star Realty, 4358 Fountains Dr, Lake Worth Fl 33467 |
|
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 1 Real Estate Co, 3500 Springdale Blvd Apt R110, Lake Worth Fl 33461 |
|
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! |
| Active Net Realty, 6620 Hillside Ln, Lake Worth Fl 33462 |
|
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! |
| Age Old Realty, 7318 Lake Worth Rd, Lake Worth Fl 33467 |
|
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! |
| Ameribusiness, 11780 Osprey Point Cir, Lake Worth Fl 33449 |
|
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 Business Investments Usa, 10546 Versailles Blvd, Lake Worth Fl 33449 |
|
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 Dream Realty & Consulting, 209 S Palmway, Lake Worth Fl 33460 |
|
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! |
| Assurance Group Realty, 320 S Lecanto Hwy #189, Lake Worth Fl 33460 |
|
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! |
| Atlantic Florida Properties, 8461 Lake Worth Rd Ste 203, Lake Worth Fl 33467 |
|
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! |
| Atlantis Realty, 190 Atlantis Blvd, Lake Worth Fl 33462 |
|
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! |
| Auction America, 1100 Barnett Dr Ste 12, Lake Worth Fl 33461 |
|
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! |
| Banyan Property Realty, 3900 Woodlake Blvd Ste 309, Lake Worth Fl 33463 |
|
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! |
| Barosy Realty, 1728 18th Ave N, Lake Worth Fl 33460 |
|
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! |
| Becker Realty Services, 821 N O St, Lake Worth Fl 33460 |
|
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! |
| Bellaggio Real Estate Group, 610 1st Ave S, Lake Worth Fl 33460 |
|
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! |
| Berkes Realty & Investments, 4848 10th Ave N, Lake Worth Fl 33463 |
|
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! |
| Best Choice Realty Corp, 8147 Viale Matera, Lake Worth Fl 33467 |
|
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! |
| Best In Show Realty, 7584 Wentworth Dr, Lake Worth Fl 33467 |
|
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 Key Realty, 10286 Clubhouse Turn Rd, Lake Worth Fl 33449 |
|
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! |
| Bridges Team Realtors, 802 Snowden Dr, Lake Worth Fl 33461 |
|
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! |
| Bryk Realty Group, 1103 S Broadway, Lake Worth Fl 33462 |
|
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! |
| Bsu Realty Corp, 2328 10th Ave N Ste 401, Lake Worth Fl 33461 |
|
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! |
| Cache Realty Of Florida, 337 Swain Blvd, Lake Worth Fl 33463 |
|
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! |
| Cammarata Real Estate Services, 813 S N St # 815 # 1, Lake Worth Fl 33460 |
|
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! |
| Campbell Reese Property Group, 8067 Viale Matera, Lake Worth Fl 33467 |
|
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! |
| Carver Group Realty, 6415 Lake Worth Rd Ste 205, Lake Worth Fl 33463 |
|
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! |
| Cashel Properties, 6563 Paul Mar Dr, Lake Worth Fl 33462 |
|
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! |
| Cdi Limited Edition Properties Corp, 4535 Hunting Trl, Lake Worth Fl 33467 |
|
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! |
| Chantilly Realty, 811 S Lakeside Pl, Lake Worth Fl 33462 |
|
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! |
| Charles & Charles Realty, 3175 S Congress Ave Ste 106, Lake Worth Fl 33461 |
|
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! |
| Choice Plus Real Estate, 11789 Windsor Bay Pl, Lake Worth Fl 33449 |
|
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! |
| Choice Plus Real Estate Group, 11789 Windsor Bay Pl, Lake Worth Fl 33449 |
|
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! |
| Coast To Coast R E Services, 3584 Wash Rd Unit B, Lake Worth Fl 33467 |
|
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! |
| Coastal Realty & Management, Po Box 1607, Lake Worth Fl 33460 |
|
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! |
| Coastline Realty, 511 Lake Ave, Lake Worth Fl 33460 |
|
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! |
| Ctc Signature Properties, 7428 Kingsley Ct, Lake Worth Fl 33467 |
|
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! |
| D S W Services, 7077 Lake Island Dr, Lake Worth Fl 33467 |
|
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! |
| Danieli Realty, 3465 Via Poinciana Apt 102, Lake Worth Fl 33467 |
|
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! |
| Derringer Realty & Investments, 2315 23rd Ln, Lake Worth Fl 33463 |
|
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! |
| Diva Properties Of Distinction, 6813 Finamore Cir, Lake Worth Fl 33467 |
|
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! |
| Dwellings Direct, 4324 Hunting Trl, Lake Worth Fl 33467 |
|
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! |
| East Side Realty & Consulting, Po Box 3426, Lake Worth Fl 33465 |
|
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! |
| El Bodegon Real Estate Services, 4481 Lake Worth Rd, Lake Worth Fl 33461 |
|
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! |
| Equirealty Corp, 7879 Willow Spring Dr Apt 916, Lake Worth Fl 33467 |
|
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! |
| Era Home Run Real Estate, 3898 Via Poinciana Ste 12, Lake Worth Fl 33467 |
|
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 Group And Investment, 6801 Lake Wo 6801 Lake Worth Rd Suite 111, Lak 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! |
| Exit Realty Premier, 6177 S Jog Rd, Lake Worth Fl 33467 |
|
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 Premier Elite, 6177 S Jog Rd Ste D5, Lake Worth Fl 33467 |
|
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! |
| Finchtown Realty 2000, 1338 W Indies Way, Lake Worth Fl 33462 |
|
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 Fortune Realty, 8001 Chambers Ct, Lake Worth Fl 33467 |
|
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 Landmark Properties, 1918 7th Ave N, Lake Worth Fl 33461 |
|
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 Premier Realty Of The Palm Beaches, 7318 Lake Worth Rd, Lake Worth Fl 33 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! |
| Florida Realty Acquisitions, 3565 Lago De Talavera, Lake Worth Fl 33467 |
|
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 Realty Advisors, 8401 Lake Worth Rd Ste 213, Lake Worth Fl 33467 |
|
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 Regal Realty, 4693 Merle Pl, Lake Worth Fl 33463 |
|
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! |
| Free Find Realty, 5784 Homeland Rd, Lake Worth Fl 33449 |
|
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! |
| Gables Realty Advisors, 4747 Pinemore Ln, Lake Worth Fl 33463 |
|
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! |
| Great East Properties, 8928 Club Estates Way, Lake Worth Fl 33467 |
|
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 Homes Realty, 6952 Brook Hollow Rd, Lake Worth Fl 33467 |
|
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! |
| Gulfstream Realty Solutions, Po Box 541954, Lake Worth Fl 33454 |
|
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! |
| Gwen Burge Realty, 11250 Hawk Hollow Rd, Lake Worth Fl 33449 |
|
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! |
| Hart Wealth Properties, 5533 Carmel Ln Ste 1, Lake Worth Fl 33463 |
|
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! |
| Harvard Realty, 300 Scotia Dr Apt 303, Lake Worth Fl 33462 |
|
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! |
| Henm Realty, 6675 Waverly Ln, Lake Worth Fl 33467 |
|
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! |
| Higher Standards Real Estate Company, 1018 N B St, Lake Worth Fl 33460 |
|
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! |
| Highlight Realty Corp, 5323 Lake Worth Rd, Lake Worth Fl 33463 |
|
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! |
| Highlight Realty Network Corp, 5323 Lake Worth Rd, Lake Worth Fl 33463 |
|
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! |
| Highrise Properties Real Estate, 11780 Osprey Point Cir, Lake Worth Fl 33449 |
|
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! |
| Hillegass Realty, 124 N O St, Lake Worth Fl 33460 |
|
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! |
| Home Max Realty International, Po Box 3375, Lake Worth Fl 33462 |
|
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! |
| Home Run Real Estate, 3898 Via Poinciana Ste 12, Lake Worth Fl 33467 |
|
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! |
| House Pro Realty Group, 4260 Hunting Trl, Lake Worth Fl 33467 |
|
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! |
| Howard A Parker Realty, 1275 Lands End Rd, Lake Worth Fl 33462 |
|
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! |
| Hypoluxo Realty, 133 Las Brisas Cir, Lake Worth Fl 33462 |
|
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! |
| Income Properties South, 3900 Woodlake Blvd Ste 301, Lake Worth Fl 33463 |
|
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! |
| Integrity Realty, 9938 Via Amati, Lake Worth Fl 33467 |
|
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! |
| Isabell Realty & Management Co Of Palm Beach County, Po Box 849, Lake Worth 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! |
| Island Home Designs, 7093 Taylorwood Dr, Lake Worth Fl 33467 |
|
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 Michael Group, 180 Las Brisas Cir, Lake Worth Fl 33462 |
|
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 W Lovley Realty, 218 S Federal Hwy Ste One, Lake Worth Fl 33460 |
|
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! |
| Jm Properties Of W Palm Beach, 10606 Versailles Blvd, Lake Worth Fl 33449 |
|
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! |
| Joe Sauter Realty A Name You Can Trust In, 1925 Moor Dr, Lake Worth Fl 33461 |
|
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! |
| Joseph Woolf Realty, 814 Lantana Rd Ste 4, Lake Worth Fl 33462 |
|
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! |
| Jr Realty & Appraisal, 5026 Nautica Lake Cir, Lake Worth Fl 33463 |
|
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! |
| Kbaa Realty, 7276 Viale Sonata, Lake Worth Fl 33467 |
|
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! |
| Kovach & Company Realty Corp, 167 Neptune Dr, Lake Worth Fl 33462 |
|
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! |
| Kroll Real Estate Group, 237 E Ocean Ave, Lake Worth Fl 33462 |
|
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! |
| Kroll Realty, 237 E Ocean Ave, Lake Worth Fl 33462 |
|
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! |
| Lamanna Alliance, 804 E Windward Way Ste 618, Lake Worth Fl 33462 |
|
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! |
| Landarama Realty, 4000 S 57th Ave, Lake Worth Fl 33463 |
|
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! |
| Landscape Depot Investments, 10546 Versailles Blvd, Lake Worth Fl 33449 |
|
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! |
| Lehman Real Estate, 1111 Hypoluxo Rd Ste 201, Lake Worth Fl 33462 |
|
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! |
| Lewis Realty Group, 4784 Wiggins Rd, Lake Worth Fl 33463 |
|
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! |
| Lighthouse Realty Group, 1121 Lake Ave, Lake Worth Fl 33460 |
|
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! |
| Manatee Cove Realty, 619 Lake Ave, Lake Worth Fl 33460 |
|
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! |
| Mandell Mueller & Co, 5550 Homeland Rd, Lake Worth Fl 33449 |
|
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! |
| Marrero/lulfs, 6191 Park Ln E, Lake Worth Fl 33449 |
|
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! |
| Martin Realty Advisors, 5312 Woods West Dr, Lake Worth Fl 33463 |
|
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