Quote:
Originally Posted by vintageogauge
The annual appreciation of our home since being purchased far exceeded the cost to own the home including all utilities, upkeep, taxes, bond, etc., etc., and there is still a six figure surplus and I am basing the value of our home at a quick sell price.
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For a savvy investor, it is realized an investment in housing is a poor one for growth. There are no guarantees prices will rise after you buy since any growth can be quickly eroded by a down turn in the economy, decimation of the area by a series of either sink holes, hurricanes/tornadoes, sharp tax/cost of living increase, increase in population density, pressure on natural resources availability such as the aquifer, crime increase, etc. There is not a FDIC for housing and it should not be considered an investment unless it is strictly a rental unit. And even then a pandemic may wipe out all income for a great length of time.