But I&#x27;m buying a $500k house in 2015 dollars. If we peg the appreciation of the house only to the long-term inflation average of 3.22% over the next 30 years and I purchase the house today at current 30-year fixed rates of 4.09%, I&#x27;m going to pay a total of $868,713 over the lifetime of the loan for something which will be worth $1,178,775 (in 2045 dollars). I will have made $310,062 in 2045 dollars, while also having a place to live the whole time.<p>Even if we factor in other costs during that period beyond loan servicing, such as insurance, taxes, utility repairs and maintenance it seems unlikely I will have LOST money in the process.<p>It&#x27;s not a terribly GOOD investment, but it&#x27;s not a financially asinine choice either.