4. Owing a home is a far better first investment choice..It grows tax Free, not just tax defferred.( 1st $500k profit is not taxable ) and by the time you sell it? that will be more like the 1st $1 million..and most Condo's/Twnhmes/SF Homes have ave. a 7% apy. past 20 yrs.. Tax Free! Not Tax Deferred..= 9%+, far better than the S&P Index , let alone Any kind of Bonds investments.(which are enventually taxable too)
Actually, I read it very clearly. It is stated above that a him is a far better "FIRST INVESTMENT CHOICE". I think you read it wrong my friend. I am not at all against owning a home. People want/need a house to live in. In some parts of the country it actually makes sense after the tax break to own vs. rent. My issue with the above statement is the reference to it being an "far better first investment choice". The house you live in is NOT an investment. First off, the mortgage rate offsets any increase in value that occurs. Secondly, unless the individual moves to smaller house or a state with cheaper housing prices, the house itself served as nothing more than something to live in. That is fine though. Again, that is what a house is for. NOT A FIRST INVESTMENT. That is just a person being poorly informed and then giving advice based on misinformation.