First thing I told my son once he got established in his career was to stop renting ASAP and get into a house. That was a few years back, and the house has already gone up by almost 200k
We were renting but saw the prices going up a lot. We bought something that cost about $65-85 more per month than our rent. Its worth over $150k more than what we bought it for and we have been renting it out for a profit for several years now. Probably one of the best financial decisions we have ever made.
Yup, told my son, within 10 years, this house will be near 1 million. Assuming inflation continues as it is and the US still exists.
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