IG:moneytalkmal
Region: US
Tuesday 16 June 2026 15:15:53 GMT
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Diana Sofia :
Finance director here and I think this is a little misleading. You got $155k back at closing, but you also spent $172k over the 8 years you lived there. So you’re basically talking about a $17k difference over 96 months (8 yrs * 12 months), or about $177/month. And that’s before considering the principal you paid down, since you already separated out interest, taxes, and insurance. Compare that to what rent would’ve cost over those same 8 years and I’m not convinced this was a bad investment at all.
2026-06-17 13:29:42
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A banana :
But did you back out what you would have paid in rent? Like you still have to pay for housing, it’s not fair to your ROI to ignore the fact that it’s preventing you from having to pay rent.
2026-06-16 15:56:08
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JellyfishSlap :
This makes no sense. You don’t expect to make more money selling your car than you spent on the car plus taxes and registration. The value is in having a car vs not having transportation. The value of a home is having someplace to live. Was the amount you paid in taxes and insurance less than you would have paid in rent? Yes. Then you saved money. That’s the ROI.
2026-06-17 18:52:19
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JANAE :
Is this clickbait? Because this topic is way more nuanced than this
2026-06-17 02:50:31
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Happathetic :
Ok but your home is being lived in. Just because it wasn’t profitable doesn’t mean that there is still not a cost to live. If you had been paying rent, you would have spent hundreds of thousands of dollars with no return. It cost you roughly a 20k loss to live for 8 years.
2026-06-16 18:27:35
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Amanda Woodward MA realtor :
The downpayment is recouped equity at the end so that’s incredibly inaccurate..? What is your alternative, renting? Idc about if someone wants to own or not but misinformation like this is what keeps people from creating generational wealth
2026-06-16 16:13:45
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Genie Bapisteller :
Did you factor in tax benefits for owning a home? Taxes and mortgage interest when filling your 1040?
2026-06-16 18:00:04
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Sky Cooksey :
Okay but some of these things are just living expenses you will incur either way lol. Everyone’s paying insurance etc
2026-06-16 15:46:30
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IVF Mama after infant loss 🌈 :
After adding the cost of maintenance, taxes, and the water omg that water bills 😮💨 it was more affordable to sell and rent lol 😆
2026-06-16 20:50:14
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delaney2349 :
So you spent $172k and made $138k, making the net cost $34k. Assuming equivalent rent would be around $2,400, you break even early in month 15. Once you factor in the opportunity cost of the other expenses being invested it’s prob more like month 25? Seems like it was still a good investment if you lived there for more than 2 years. I see your point though. My personal breakeven projection is 8-9 years. Most people think it’s a good investment by default by that definitely isn’t always the case
2026-06-16 18:44:45
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Sarah Liz :
Wait let’s talk about something there is no where in this world you can live for free the interest you pay annually is a tax write off. So ideally you’re left with insurance and upgrades again that you used and benefited from while in the home idk about yall but the math MATHS for me I’ve been in my home for 4 years each yr I’ve been able to collect around 7k from the irs from the interest I paid ( I look at this interest as rent until I own the home) if I was paying this in a apt I would be getting any refund I’ve put about 60k in upgrades for my pleasure and aesthetics and I have 250k in equity so to each their own
2026-06-16 18:56:08
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✨Ezequiel🇦🇷🇺🇸 :
This sounds like someone who bought a house and did no research about the tax benefits that come with home ownership… which is where the advantages come. ✌
2026-06-17 01:45:10
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Hurricane Erin | Homemaker :
Oh I know my house is a sunk cost.
2026-06-16 15:40:16
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Grace Pavletic :
Renting our current home for 5 years would put us at -156,000 with no money in hand at the end vs owning a home for 5 years and selling. Even if you are technically out 20k, when it’s all said and done, you still made out worlds better than renting if money is the only factor you are looking at.
2026-06-16 21:05:46
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ty_ler :
By my napkin math it works out to around to an equivalent $145/month rent, so assuming you would have spent much more than that, it was a good investment. Thats without accounting for mortgage interest tax deductions
2026-06-16 21:46:39
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user4170413391023 :
I own rental properties too. Run the numbers for your time period of ownership of your rentals vs the s&p 500 and you’ll want to sell 😂
2026-06-17 18:36:50
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alyssa ashley :
You don’t add back in the down payment
2026-06-17 01:47:55
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ModernMill :
Funny math here lol
2026-06-17 12:09:32
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choochootrain777 :
My house is the best investment I’ve made. Lifted us out of poverty.
2026-06-16 16:04:50
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Classic Kyle :
Your calculated interest paid to your bank, but that is not a top line number. That is a total tax deduction. If you remove that, you are still in the Black. Whereas to rent a comparable home was probably about $2000 a month, plus renters insurance. People always like to compare apples to oranges, but you have to compare a similar house that you could rent versus a one bedroom apartment that you theoretically could have rented.
2026-06-16 20:09:31
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Johnson :
I never looked at your home as a literal investment. I guess my interpretation was always different than you. I feel like this is no more than just a talking point. No hate, but you cannot live in the stock market. There’s always gonna be a better investment vehicle.
2026-06-17 10:00:21
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supdogwhatstheword :
What about tax write off benefits? You saved money on taxes so need to add that back.
2026-06-17 13:29:49
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Arin :
Why is no one asking why you paid $40,000 in closing costs! I have closed on 5 houses at this point in my life. The most I’ve ever paid is $8,000 in closing costs on a house twice as much as yours
2026-06-17 11:45:45
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Jerry C :
Agree homes should be treated simply as a monthly expense that never leaves even if it's fully paid off
2026-06-17 10:46:24
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JR :
I think she makes a really valid point. I think what really stands out is. Don’t buy way more house than you need because truthfully there is really no upside other than a lot of fixed costs. But buying something modest and putting your roots down is just the utility cost in my mind.
2026-06-17 15:03:18
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