Quote:
Originally Posted by Carl Johnson
You can rent and invest the difference if you are frugal and shrewd, but for most people who doesn't watch the daily ticks of the stock market, buying a house to live in with the hope of being mortgage before retirement is still the best investment both financially and psychologically.
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not true at all, and has been proven untrue.
you do not need to look at stocks daily - you invest your excess funds once a month, it's much less stress to rent and invest with a long term outlook than worry about a potential market crash when you have debt.
if you're going to make bold statements like this, please prove it mathematically.
you're 100% right on the basis that people won't save the difference, but we can't account for personal weakness - if that's the reason to buy real estate, then that's just ridiculous