Owning the home you live in is personal property, owning a home to rent out is capital -- you are using this asset to make money.
The home you live in won't provide real I come, as to realize any gains from the asset you have to sell and move -- and to live somewhere else will cost money too. Only boomers and people who don't get it think there is value in a home asset. It's really just a cheaper way to have a place to live versus renting.
Yes, there is an advantage over renting, but that is just an argument to be made for everyone owning their home.
Owning the home you live in is personal property, owning a home to rent out is capital -- you are using this asset to make money.
The home you live in won't provide real I come, as to realize any gains from the asset you have to sell and move -- and to live somewhere else will cost money too. Only boomers and people who don't get it think there is value in a home asset. It's really just a cheaper way to have a place to live versus renting.
Yes, there is an advantage over renting, but that is just an argument to be made for everyone owning their home.
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Yes, but that doesn't mean that it's a good plan.