I am not sure many folks look at the home they are about to purchase as to whether it is a good investment.
We buy what we want and like where we want to be and like.
I grant that there is some number of folks who weigh that very carefully...maybe short term ownership....anticipated multiple moves in one's life time...etc.
Perhaps we have been fortunate but we wound up never selling any home for less than we paid. And most were significantly better returns. But as has been mentioned that return is usually based on acquisition cost VS selling price...excluding cost of ownership.
Like the stock market whether one is losing or gaining is only pertinent at the time of the sale. The rest of the time it is a feel good or hand wringing on paper only.
There are no decisions we make that include what will be left for those we leave behind.
I do not view that as selfish. Maybe it is because we know we will never use what we have!?
A very individual view/position for us all.
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