Quote:
Originally Posted by almondz
The big difference I see is that a car never appreciates like a home does. They loose value the minute you drive them off the lot and it is all downhill from there.
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Home appreciation? We sold our home before moving to the villages. A home we had lived in for 40 years. Wow we got 6x what we paid for it. Reality check, due to inflation everything else went up 6x as well. Oh, our real estate tax, same home, went from 2,000 to 10,000. Other than electronics, due to growth in power of computer chips everything has gone up. Aside, I still have coffee cans used for screws and that kind of stuff that were store priced at ninety-nine cents. You of course can't live in the stock market or drive a stock but reality is in terms of investment the market in an investment a home is a place to live.