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Updated about 10 years ago,

User Stats

219
Posts
88
Votes
Dan D.
  • Investor
  • Shakopee, MN
88
Votes |
219
Posts

Anyone renting their primary residence?

Dan D.
  • Investor
  • Shakopee, MN
Posted

I've been reading different financial forums like MMM and Early Retirement forums looking for opinions on paying off a mortgage whether rental property or primary.

That lead to me reading this post on why a home is a horrible investment.

http://jlcollinsnh.com/2013/05/29/why-your-house-i...

A home of course being different than an investment property.

With a primary home you have the benefits of living in it, but no rent.  But is your primary residence negatively affecting your cashflow or total net worth?

Would it make more sense to rent instead of own your primary due to the high expenses of home ownership?  (Repairs, Property taxes, mortgage payments, etc).

Is there anyone here who owns investment property but rents their place?

Maybe someone who lives with their parents but started buying property?

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