Don't Fall for This Alarming Real Estate Myth

You'll often hear that the longer you rent a home, the more money you'll end up throwing away. By contrast, if you purchase a home to live in rather than rent one, you'll have a chance to build equity in an asset that's likely to gain value over time.

Now to be clear, homes do tend to appreciate in value. But that doesn't mean owning a home is the right move for you. And if you buy into the myth that a home is a great investment, you could end up regretting it later.

Some people invest in real estate by purchasing income properties that they rent out. That counts as an investment. But your primary home -- the one you live in -- shouldn't.

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Source Fool.com