Quote:
Originally Posted by sdubfid
1985 average Vancouver house $112000??
Current avg 1.2million??
1985 s&p500 starting with 112000
Dividends reinvested over 30 years =8.2% per year
Current value 1.2million??
Both are good
|
Yes but in 1985 would you take out a mortgage just to buy into s&p500?
Dont forget about paying for rent.
On the flip side your house has already been paid off. Live rent free or rent it out and collect monthly.