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OWNING A HOUSE IS OVER RATED

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ECONOMICS by KRISS on 13 september 2015

OWNING A HOUSE IS OVER RATED Oh yes it is ! Or can be.

We bought our house before the banks crashed in 2008, at a high market price.
We did so because, family, friends, aquaintances, all swore that this was the best thing to do.

- You know instead of spending your money away renting, spend it in a mortgage and you will never loose money.

Well, it did not happen that way for us, lucky you if it did for you.
We sold our house after 7 years of paying a high mortgage (mostly interests) at a lower price than we purchased.
And what was left in our pocket ?

Far less than what we would have had set aside by renting a cheaper place.

So our only advice is : none.
Make your own choice and don't let anyone influence you.

That being said, bear in mind we are all in a shitty economy and nothing is stable.
And also, like in a Casino, the house always win !

.

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