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<blockquote data-quote="olroadbeech" data-source="post: 5217296" data-attributes="member: 52145"><p>Yes and No. At the time it was better to own than rent. On this loan you are paying yourself back and using DCA, dollar cost averaging so when the market is down you are buying back more shares.</p><p></p><p>Plus , on average the housing can make some good gains so you are increasing your equity and not your landlords equity.</p><p></p><p>It worked out well for us. Our home was bought for 150k. </p><p>Now it's worth close to 900k. That's a 600% increase or gains. About 18-20% year on average. Some smart guys at work kept on buying rental housing thru the years and made fortunes. </p><p></p><p> My 401k did not have those results in same time period. About 8% a year on average. </p><p></p><p>You do have to do some homework before doing this since everyone's situation is different.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 5217296, member: 52145"] Yes and No. At the time it was better to own than rent. On this loan you are paying yourself back and using DCA, dollar cost averaging so when the market is down you are buying back more shares. Plus , on average the housing can make some good gains so you are increasing your equity and not your landlords equity. It worked out well for us. Our home was bought for 150k. Now it's worth close to 900k. That's a 600% increase or gains. About 18-20% year on average. Some smart guys at work kept on buying rental housing thru the years and made fortunes. My 401k did not have those results in same time period. About 8% a year on average. You do have to do some homework before doing this since everyone's situation is different. [/QUOTE]
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