Should you buy a home or invest?
The path toward retirement and financial independence usually involves buying a home and investing for retirement and the future. But, what if you had to choose?
William Cowie posed this question to me recently and asked which path I would take to financial independence if given the option. My answer: I would invest for the future and forgo the house in a New York minute. Let’s look at why I think that makes sense.
Performance Over Time – 1940 to Present
Throughout history, housing prices have appreciated over time. Because of this, both real estate investors and homeowners have built wealth with ease by building equity in their homes and properties.