There was Huge profits to be made during the housing boom of 2020-2022. A lot of people sold relatively new homes for Huge profits. It would be interesting to see some data on how they chose to reinvest with prices/interest rates surging by 2022?

Do we get to see the math?

Yesterday said:

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Do we get to see the math?

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It's in a series of tweets on X. I wouldn't waste my time. He completely ignores the part where he doesn't have to pay rent to someone.

his assumptions are nonsense for the most part, and designed to inflate the repair numbers.

$550K on repairs and expenses is silly. Painting the house every 5 years is silly, etc. etc.

These arguments are so dumb. Yeah we realize the cost of owning a home is more than just the interest and taxes. So I'm in my 40s/50s with a family and young kids and I'm supposed to rent the rest of my life cause the math checks? Got it.

you mean he didn't "change your mind forever".

Twitter and LinkedIn have been destroyed by these content farmers.

I don't have X so not going to read the "math" and think a lot of these are overblown. But, to be fair, the other side is just as much overblown. The appreciation we've seen recently can't be expected to be the norm long term.

Also, how many people realistically ever use the wealth they've built via home appreciation? Most retirees I know have not downsized, moved to cheaper areas, etc. They like where they live and want to be there.

If you're disciplined, rent a modest place, and invest the down payment & "savings" every month, I would think the numbers would be close. Issue is a lot of people aren't disciplined. By owning a home they have to "invest" by default. It's also nice to know my rent isn't increasing next year.

Finally, and most importantly (for me at least), I just like owning my home. I like that I can make changes and do whatever the hell I want as my family grows without asking someone.