LogFAQs > #983253187

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Topic	Financial question for homeowners
KingButz 12/10/24 9:33:05 PM #7:	Sunroof posted... Haha, well sometimes you might need a house like if youre starting a family. And to answer your question, it was more of a hypothetical. The S&P500 averages around 10%, for what its worth. You can rent a house instead if you invest the money. Whether that's the right move or not depends on a bunch of other factors. How much is property tax/insurance? Do you have an HOA fee? What's your expected appreciation on the house (net of upkeep)? What is the cost to rent a similar house? How long do you expect to live in the house? NY Times has a nifty calculator that takes all those things and more into consideration. https://www.nytimes.com/interactive/2024/upshot/buy-rent-calculator.html --- to me hero's is just bad person <cite>KingButz posted [p:983253187] in Financial ... [t:80899551]...</cite> <quote>Sunroof posted... </cite><quote>Haha, well sometimes you might need a house like if youre starting a family. And to answer your question, it was more of a hypothetical. The S&P500 averages around 10%, for what its worth.</quote>You can rent a house instead if you invest the money. Whether that's the right move or not depends on a bunch of other factors.How much is property tax/insurance? Do you have an HOA fee? What's your expected appreciation on the house (net of upkeep)? What is the cost to rent a similar house? How long do you expect to live in the house?NY Times has a nifty calculator that takes all those things and more into consideration.https://www.nytimes.com/interactive/2024/upshot/buy-rent-calculator.html --- to me hero's is just bad person</quote> ... Copied to Clipboard!
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