But then you have to consider the yearly property taxes, the cost of maintenance and just general upkeep, the cost of improvements people make to the home and land, the increased cost in utilities and furnishings and such, and then the realtor’s commission when you sell it. It “can” be a great investment but for a large percentage of folks it’s really just a major money suck.

We paid X for our home in 2005. We sold it for the same in 2020. But the almost 200k in property taxes spent over that time, the 40k in realto’s commission when we sold, the 100k in maintenance and improvements, etc? Gone like the wind.

But then you have to consider the yearly property taxes, the maintenance and just general upkeep, the improvements people make to the home and land, the increased cost in utilities and furnishings and such… and then the realtor’s commission when you sell it. It “can” be a great investment but for a large percentage of folks it’s really just a major money suck.

We paid almost X for our home in 2005. We sold it for the same in 2020. But the almost 200k in property taxes spent over that time, the 40k in realto’s commission when we sold, the 100k in maintenance and improvements, etc? Gone like the wind.

But then you have to consider the yearly property taxes, the maintenance and just general upkeep, the improvements people make to the home and land, the increased cost in utilities and furnishings and such… and then the realtor’s commission when you sell it. It “can” be a great investment but for a large percentage of folks it’s really just a major money suck.