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thenewgreen · 4377 days ago · link · · parent · post: Ask Hubski: How do you define wealth? What is "rich" to you?
I like "bogs". The numbers below are not real but hypothetical. Lets say I had $100k for a downpayment on a home. I have a family of 3. I am a first time buyer. Would you suggest that whatever I buy I do so with the intention of someday renting it? What should my thought process be?I only see what I see b/c of what I do for a living.
I sometimes think that I made a mistake in buying our home here in NC. For the money I put down on this home, I could have continued to rent and bought two rental properties of my own. I realize that your time is valuable and I'm essentially asking for free advice, but would you say that it was a mistake?