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Old 28.04.2020, 12:48
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Phil_MCR Phil_MCR is offline
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Re: Should I buy a home or invest? I just reached 200k in savings and they are sittin

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I 'm trying to figure out if it does really make sense to buy a property compared to rent and invest the capital! That is my big question mark!
That depends on personal circumstances and portfolio.

I just bought a house. I treat it as a 'bond-like' component of my portfolio giving me a 'safe' return equal to rent so I don't need to generate that income from other sources. It makes sense for me and my income, age, life situation and portfolio mix.

In your situation, paying $1m definitely doesn't make sense. $300k for a place, yes. $400k-$600k maybe.
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