People like to stick with what they know.
Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.”
And the equity in your home can be misleading.
“It’s really a form of consumption. You own the home as opposed to paying rent for a home that you don’t own, but you have to live somewhere,” Brown said.
You should consider your home as an emotional investment. You spend money on it, because it makes you happy, according to Brown.
Once you start doing the math on homeownership, you will find that decades of inflation, repairs and renovations leave you with an asset that…