Quote:
Originally Posted by Marcellus
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As many have noted with a <3% Interest rate and the value growing way faster than that its a good investment.
I know the housing boom is about to go bust eventually but the value of my house is up 33%+ since I bought it about 2 years ago as well.
I got a good deal on it right before things went crazy.
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I've owned my house for 25+ years and almost all of that was in a low-inflation environment. Suddenly with high inflation I'm seeing a huge benefit of home ownership. I watch my home value estimate on Zillow and it's been in a big spike upward over the past 6-12 months. Some of that is normal housing, but I bet a lot of it is inflation. So my home equity is serving as a nice inflation hedge.