Asset or liability aside, owning this home is excellent for my cash flow.
Total payment - 1100/mo
Rental income - 550
Tax deduction - 300
All in all it costs me $250 a month to live in my beautiful treehouse by the lake, and all the extra cash is stocked away in savings. Rents in my area are around $1000 a month.
The utilities are about $100/mo more than they'd be in an apartment and I do spend about $1000 a year on home improvement and gardening, but still I'm WAY ahead.
I'm very lucky to have the standalone garage apartment. I can easily afford the home without it, but it's just a sweet deal. Even if my home never appreciates and I sell it for what I paid, I'd still pay less in the long run.
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