Quote:
Originally Posted by CoachKandSportsguy
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Here is quote from your first link, "can only be an investment if you sell them for a profit." Uh, who doesn't sell a home for a profit?
2nd link - " aren’t appreciating enough on average to beat inflation" LMAO. Have you seen home prices the last 3 years. They have appreciated 10x over inflation
3rd link - Every investment does not need to be the "centerpiece of your retirement plan", it can simply be a part of a well diversified basket of assets. I also don't rely on "housing inflation to provide for {my} financial independence."
4th link- "If what you're spending each month on housing jumps when you move from renting to owning, that's not necessarily a wise financial move just because you're getting equity." This author must not live in The Villages. Costs to carry a modest home are approximately $12,000-$16,000. Costs to rent a modest home are $18,000-$22,000. Seems like an easy financial decision.
5th link - "An investment is something you buy with money expecting it to produce more money than it cost" So, last 3 years, my home has appreciated $145,000 and carrying costs were $41,000. Sounds like an outstanding INVESTMENT. $104,000 gain!
6th link - "Yet, when calculating the investment return on your personal residence, you very likely lost money after including the ongoing costs of homeownership." This guy definitely doesn't live in TV or skipped his math classes.
"should I keep going"? Uh, yes if you want to prove your point.
"but if you want to think financially correct, you might want to think a bit differently" No thanks, I'm good.