Do you look at your home as an investment. Yes because it is subjected to some of the same risks as other investments.
Yes because I maintain it and keep it as current as I can so that my kids will be in a position to live in it, rent it, sell it. So I now view it as an investment for my kids.
Like a number of people living here we moved around the country and were fortunate to be able to have closing costs, moving cost mortgage rate differentials met. This afforded us the opportunity to free up equity and reinvest that equity into successive homes
We viewed our homes so much as an investment that we never hung pictures on the wall to maintain them in as pristine a state as we could.
irrespective of the market our kids will have a financial windfall if they sell it.
|