Suze Orman's Mortgage Basics
Rule #4: Be realistic.
Home values may be rising steadily in many parts of the country, but I want everybody to read this very carefully: Over the long term, you should expect your home's value to rise at a rate that slightly exceeds inflation. It's a solid investment, but not one on which you should expect to retire. Don't think that just because your home's value has had a great run you don't need to invest in your 401(k) and Roth IRA plans. Be better prepared than that.
Home values may be rising steadily in many parts of the country, but I want everybody to read this very carefully: Over the long term, you should expect your home's value to rise at a rate that slightly exceeds inflation. It's a solid investment, but not one on which you should expect to retire. Don't think that just because your home's value has had a great run you don't need to invest in your 401(k) and Roth IRA plans. Be better prepared than that.
Published 11/03/2016