Hi TJ, You’re right that I did not talk about the slew of tax advantages for owning a home. The write-offs for mortgage-interest, property tax, and capital gains are a big deal. However, even these advantages can be insignificant if you don’t live in the home long enough (5 years is commonly suggested) and the costs (realtor, insurance, title insurance, etc.) of buying and selling a home eat into these benefits. The 30-year mortgage along with all of those tax advantages are calculated into the cost of a home, making it more expensive. A home’s value and the stock market on average increase at 7 percent a year. Owning a home can be a very good investment, but I suggest making it part of your portfolio and not the whole thing.

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