Home Ownership as a Part of Overall Financial Health

Home Ownership as a Part of Overall Financial Health

-Appreciating Assets vs Depreciating Assets

-Electronics
-most expensive MacBook is over $50k!!!
-base model MacBook desktop is $5,999.00 (no monitor?!)
-Iphone
-most expensive iPhone 11 Pro, $1,449.00
-base iPhone 11, $999

 

-Things you can drive
-boat
-RV
-CARS!
- The average car payment for a new vehicle is $554, and the average for a used car is $391

In Austin $250k with 3.5% downpayment = $9,625 (17.37 months of $554 new car payments)

A 250k, appreciating at 6% for 30 years = $1,435,872.79 value

Renting 3 bed $1,100 x 12 months x 30 years = $396,000 spent