I’m working on a post that explores the concept of the homebuying “equity ladder” (or “property ladder“), in which the lifetime buying plan of the typical American homebuyer is assumed to look like: photo by Flickr user Atle Brunvoll Buy a cheap starter home in your 20s. Maybe a little 2-bed house or a condo…
Tag: equity
Checking Up on the “Forced Savings Plan” Myth
Please consider the following excerpt from a post I wrote that was originally published on the personal finance blog Get Rich Slowly (and later here): …if home buying is like a savings plan, it’s probably the worst savings plan on Earth. Would you voluntarily sign up for a savings plan where well over half of…