Hi Micheal,

I’m glad it’s worked out for you. But those are not the types of returns, anyone looking to buy a primary residence today should expect.

To be frank, if you buy a house and it increases substantially in value, that was a stroke of good luck. My house has nearly doubled in 5 years, which has absolutely nothing to do with anything I did and everything to do with the lack of supply of housing in my market and crazy low-interest rates. Both of which could reverse course.

The main point on the “case against” (again, I do own a home so I am not anti buying a house) is the difficulty accessing that home equity, especially if you don’t plan on moving out of your home.

Thanks for the comment, appreciate your adding to the discussion.

Cheers,

Ben

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