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Old 11.11.2020, 10:21
wantone wantone 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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Look back over the last 75 years. There have been slumps in property values, but only temporary ones and the value of property has risen substantially. As long as the population increases, they will need somewhere to live.

Donít think of it as an investment, but a roof over your head. With 10 year mortgages at under 1% I would invest as little of you own cash in your property and get as large a cheap mortgage as possible.

In 10 years you can decide, depending on mortgage rates then, whether to continue with one or use your investments to pay off the mortgage...
The area needs to be in demand and more people moving in. Take for example Detroit that went the other way.
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