Quote:
Originally Posted by Cedwards38
I guess anything that has the potential to earn or lose money for one is an investment, however we did not think that way when we bought this home. It's more of a tool to provide us with shelter, comfort, storage, and lifestyle. I've never lost money on a home, but I've never thought of them in terms of what they can earn for us.
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Our feeling exactly. Although we have followed certain rules suggested to hopefully assure appreciation--for instance, buy low in a high neighborhood, and location, location, location--we never looked at home buying from the standpoint of making money. The one time we made a killing was from being in the right place at the right time. We just as easily could have been in the wrong place at the wrong time.
Our financial security comes from other types of investments. We didn't even pay cash for this place because money was so cheap at the time, and our broker started tearing his hair out at the thought. So I apologized to our son for ultimately leaving him with a house to sell, and he said no worries--he's buying his expat brother out and moving to The Villages!