Comment by sokoloff
6 days ago
How is getting your own money back, many years later, without appreciation "equity working in [your] favor"?
Without the appreciation (and leverage multiplying that), buying housing would be nowhere near as good an investment. (As it stands today, it's phenomenal, of course.)
The alternative of course is giving your money to a landlord (and zero equity and zero money back). That is certainly less favorable?
I'm on team "own the home you live in if your circumstances allow", but if there was no appreciation, your equity isn't "working for you" in any way that I can detect/imagine.