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[–] obvious_throwaway1 1 point 4 points (+5|-1) ago 

Because the car is an ever-depreciating asset and the house at the very minimum holds it's value.

You rent both either way in the end, even if you "own" the house.

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[–] hey_girls_pm_me_toes 0 points 1 point (+1|-0) ago 

no. You can make a profit by selling your house

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[–] obvious_throwaway1 0 points 5 points (+5|-0) ago  (edited ago)

Generally speaking, in the typical case you need to spend money to renovate/modernize/maintain the house, and the traditional 30-year mortgage is mostly principle until the 10th year. Since the average home owner sells their house within 7 years of ownership, this means it's a minority that actually does end up making money selling their house.

Cost + appreciation - renovations/repairs/maintenance - sale price = net loss for most people.

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[–] 10124448? ago 

if you're lucky. unless you put in serious sweat equity you might not even break even after considering inflation and transaction costs, especially if you move after less than 10 years or so

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[–] Sosacms ago 

If you pay in cash.

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[–] hypercat ago 

The house depreciates in other ways. Needs new roof, floors, gardening, property tax, new windows, remodel, update, etc. and you never know when the market will tank and you lose 30% of the value you paid for. Like when 2008 happened and 500k houses went down to 300k or less value almost overnight.