While home ownership can provide appreciation and equity gains, it carries significant risks including the potential to lose one's home, particularly when purchasing at overpriced prices or with adjustable-rate mortgages that can increase substantially, as demonstrated by a case where a family lost their home within three years due to rising interest rates.
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Should You Buy A House Or Invest In Stocks?Added:
Wouldn't the average American, let just say over the last 5 years, would have been better off buying a house and then catching all this appreciation and then selling it with all this equity they gained?
>> no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.
>> the equity You got to do with something.
If you're not going to do anything, just don't do anything. But just cuz you bought a home, you know, I was on a call yesterday with a lady that they lost their home in the last 3 years. So, they overpaid for it. They put >> [clears throat] >> the the house on an adjustable, rates went up to seven and they lost their house.
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