1. I'd rather pay my mortgage for 20-30 years with a 4% interest rate and keep my money in the market at a comfortable 8-10% average return.Having a 'paid off' home isn't necessarily the smartest play. Especially when you get tax breaks on the interest of the loan.

2. Yes you have to pay property taxes. But property taxes are a lot cheaper then rent. And its a lot harder for them to kick you out of your home/seize it for unpaid taxes then it is for your landlord to evict you for damaging his property, missing a payment, etc. The whole reason its call 'landlord' is because he is the lord of the property and you are the peasant that has to pay him to live there and abide by his rules. Obviously you'll always be taxed by the 'king' but sh!t rolls down hill, and I'd rather be near the top.


3. The amount of equity you can build in a home can be an amazing thing. I had my home built nearly 2 years ago. If I were to list in on the market tomorrow it'd be for 20-25K more then I paid to have it built.




If you do your research and buy smart you can make crazy gains in real estate. You just need to be able to play the long game if need be. IE in same area for 10+ years.



Are you insinuating 30K is a lot of money?

Hey, what country are you living in?

As someone living in the UK, they sound like London and surrounding kind of prices and rate of increase.

If it is UK I'd share my opinion but long read for someone whom the information is useless for!

It depends on where you live in the world. I would only buy a house here if I had a young family, so my kids could have a 'family home' to grow up in. That is the only way it would be 'worth it'.