Well, it’s an easy and truthful statement to anyone who doesn’t own a house.
- Build equity instead of flushing rent down the drain.
- Tax writeoff
- Home equity loans
- Better rates on other loans (because you’re a responsible howeowner).
- If you buy right, housing values seldom go down (mine has gone up 25k in four years with few improvements).
Lets compare to the other thing he’s thinking about investing in, a car.
- Lotus is rare, so if you buy it and store it the depreciation won’t be as bad as a normal car.
- He drives it, and is talking about modding it, and it’s newman so you know it gets driven, so #1 goes right out the window.