Looking for Passive Income? If you Own Your House, it's Already Happening
My husband’s greatest financial goal in life was to get to a place where he was earning passive income - when ultimately your investments do the earning for you. Little did we know that by scraping together everything we had to invest in California real estate as 20-somethings with student loan debt almost scaring us off, that primary home investment would be the best financial decision of our lives. We’ve ridden the wave of markets, the dot.com bubble, crash of 2008 and now the astronomical climb that has many of us scratching our heads. The point is, even if there is a correction in our future, the long term gain of being in the market - owning instead of renting - has irrefutably paid off.
This article from Inman uses national data but points out that even in high earner markets like San Jose and San Francisco the basic truth remains - the earlier in your lifetime you are able to invest in real estate in this area the better off your financial portfolio in the long run will be, getting you to that sweet spot of the house making the money for you.
All the best,
Ben Verde. "Your home probably earned more than you did last year". Inman, 21 March 2022, https://www.inman.com/2022/03/21/your-home-probably-earned-more-than-you-did-last-year/. Accessed 13 April 2022.