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Well, buying a house is smart at least. And nothing wrong with a nice, reliable automobile either.
๐ถ I would buy you a K-car
a nice Reliant automobile ๐ถ
Indeed, but not as good as S&P.
The earliest mortgage on my towns deed list for my house was $65k in 1986.
They owned the house until 2002 and sold it for double that (130k).
I bought it in 2018 for nearly triple that (375k).
Now the zestimate is pushing 600k.
Everybody needs a house...but 65k in S&P since 1986 would be almost 3.7m today. Inflation alone over the same period would be 186k. Any house in my town in that price range is probably condemned. (Edit: 11 results in my town and two adjacent towns...9 are empty lots and 2 are single-wides and I'm in a 3bed/1.5ba Cape-style)