Ideas on Personal Finance
A house is the biggest purchase people make in their lifetime. From a financial perspective, a house is a terrible investment (one should instead rent). But there are non-financial reasons that make buying a home worthwhile. Why buying a house is the worst investment? If you list out all the criteria you would want from … Read more
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Ignoring the traditional FIRE advice of renting a house (instead of buying), we bought our home during our FI journey. Although not a financially sound decision, we are happy with it! Renting a House instead of Buying In the ‘Renting vs. Buying a House’ debate, the die-hard FIRE community members prefer renting to buying a … Read more
One of the things that surprise me when I hear people talk about their investments is – ‘Our biggest investment is our house!’. A house that you live in, by definition, cannot be your investment. An investment is something that you can sell. If you sell your house, you will have to pay rent or … Read more