Quote:
Originally Posted by Penglobal
Hello and thanks, but I disagree with your point of view in that most of us are ARE buying a home as a monetary investment and just because I can afford the current high home prices, it doesn't make it any easier to pay these outrageous prices. I worked and saved all my life NOT to throw money away.
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Most living here did not buy "as an investment"...
They bought a place to spend their "golden years" in comfort and in the lifestyle they wanted...
If your house appreciates, what are you going to do with the money? Other than give it to your kids/grandkids?
Last I checked, I've never seen a Brinks truck in a funeral procession...
Buy what you can afford, let the market do what it does...