I will.

Capital stores your money by definition.GaijinPunch wrote: How are you earning interest on the 20% down you paid? (When did you get a friend?)

Is that so? We've discussed Chicago before. I disliked the city and I would never choose to live there--even at significantly reduced prices. I hated Chicago.GaijinPunch wrote: Chicago is the 3rd largest city in America, a great place to live by many metrics with tons of jobs, and it is awful to invest in real estate. The state itself (and even moreso the city) are hamstrung by their constitution and the labor unions. They have no way to pay off their massive fucking debts except one -- property tax. And it goes up invariably ever 3 years to make up for lack of a progressive state income ta and other failed taxes (sugar tax, for example), thereby keeping the price of homes low (but not the total cost). To quote an old colleague, "You can't make shit off of real estate here, while my shit for brains brother in law doubled his money in the suburbs of Arizona accidentally".
So, we disagree.
Neighborhoods are cyclical, but people keep living in them. Given that renting out a property is an option and Airbnb exists, your statement made me smile.GaijinPunch wrote: That doesn't even touch on loads of other factors out of ones control - neighborhoods are cyclical. Many have gone from the the best in the city to absolute shit holes. Some faster than others. Upkeep / appliances is most definitely not free -- a cost you are devoid of if renting. If you are hit on hard times, and you are house poor, you could very easily be forced to sell at a shitty price (or even foreclose). You can sell portions of liquid equity - not portions of a house.
Yep.GaijinPunch wrote: I'm not saying buying a home is a bad idea or even a bad investment. But it is an investment and no investment is ever a silver bullet. It can easily take away from opportunity costs of other investments.
Learn to cook. ¯\_(ツ)_/¯GaijinPunch wrote: Everywhere if you a big enough chunk of your money goes to food (and you pointed out, other costs of living).