Quote:
Originally Posted by Topspinmo
We've worked for everything We got, no inheritance, no rich spouse just working and doing right thing. Everything we got paid for and NO credit card debt. Not bad for ******* child? Yes, for us it's big investment. How can 200k plus not be and for some of you 10x more? I expect to at least get most our money back when we sell. I envy you silver spooners that don't think of you home an investment. Must of got lots of free stuff over the years and lived sheltered life to consider what I Call big investment.
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Wow ! To disparage a whole group of people simply because they have a different opinion than you seems a little over the top on this subject. Just to let you know, I grew up dirt poor in a family of 5 with my father never making more than 18K a year, my mother never worked outside the house. My wife's family had seven kids and 2 alcoholic parents, never owned a home and had to do whatever they could to just feed their family. My wife's "inheritance" when her parents passed was 118 dollars. We donated it to charity.
Everything we have we earned, there was nothing for free, there was no silver spoon, there was nobody else paying for college, there was no family business that just took us on.There was nothing.
I don't consider my retirement house an investment. I never plan on selling it , I plan on my kids owning it after we pass but if they want to sell it that is up to them. . All the hard work and all the saving and all the investments and all the sacrifices we made during our lives is what enabled us to buy a retirement home and we are going to enjoy it and our retirement for however long God gives us on this planet.
So, I respect your opinion that your retirement home is an investment, please respect mine.