The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: patron_anejo_por_favor who wrote (2019)	3/3/2002 5:02:20 PM
From: Oblomov	Read Replies (1) of 306849

Patron, I agree with your comments wholeheartedly. Money is not the same as the nominal value of an asset. Owning a house outright IS NOT like stashing money in a mattress (the writer's intent to disparage notwithstanding, an entirely reasonable place to put money in the US in the 1930s or in modern-day Japan). It IS like owning a car or other property without any debt encumbering it - it is only in the absence of encumbrance that one may have full enjoyment of the property. In shopping for a house recently, I'm baffled as to why so many RE agents emphasize a housing purchase as an "investment". Why should every allocation of money need to be an "investment"? What is the ROI on a house that is your primary residence? The "investment" is cash-flow negative for 10-30 years. A CEO making such "investments" would not be around very long. Of course, given the right circumstances, buying a house can be a smart financial decision, as well as beneficial to the emotional well-being of one's self and family. However, I make a distinction between the outcomes that I expect from such decisions and the outcomes that I expect from my investments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next