Why your house is a terrible investment

[Kiva]

Every type of property can be bought or rented so this isn't really a discussion about everyone's living preference.

Here is an average 1,500sq ft 3 bed 2 bath house on the Southside renting for $1,375 and would sell for $180k.

http://www.zillow.com/homedetails/12228-Cobblefield-Cir-S-Jacksonville-FL-32224/44608128_zpid/

With the transactions costs (of buying and selling), insurance, taxes, maintenance, and low appreciation you'd have to live in this house a very long time before buying it is cheaper than renting it.

In general if you take the monthly rent and multiply by 100 that tells you the price you could pay for a house and rent it at a profit. So in this case if you bought the house for $137,500 or less it would be a good investment for a rental property. If it actually sold for $180,000  it is not a good deal - it would be cheaper to rent.

[mtraininjax]

The Median price of a house in the NE Florida MLS was $131,700

Not everyone can afford the Taj Majals of 32224. lol!