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Financial Question of the Day #6

By Erik Folgate

Would you rather start investing in the stock market first or buy a house?

Answer this question without taking into consideration the current market conditions of the housing market. I think that I would rather buy a house first, because you get two things out of it. You get a place to live, and real estate is a great investment in the long term. I like investing in growth stock mutual funds, but I think that I’d rather be owning something that I can upgrade and begin a family in, rather than having a piece of paper earning interest. However, if it meant that I was buying the house with no money in the bank, I’d rather buy stocks. I don’t ever want to be in the situation where the air conditioner dies, and I don’t have any money to fix it. Plus, I wouldn’t want to put my family through that, especially living in Florida.

What are your thoughts? Houses can be much more of a burden than owning stocks, so there are pros and cons to each.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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  • http://www.singleguymoney.com SingleGuyMoney

    I would rather buy a house. You can’t live in a share of stock. I agree that if you do not have money set aside for emergency repairs or you are spending the majority of your income on mortgage payments, stocks may be a better investment.

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