SI
SI
discoversearch

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (32183)4/3/2008 3:46:05 AM
From: Maurice Winn  Read Replies (2) of 217749
 
<her home equity did not decline against the true measure, buygold>

You are correct there. In the time her house went up 7x, gold went sideways to down. Then her house dropped 20%, give or take a bit. So her house has been a far far better investment than gold would have been.

Of course, in the last two years she would have been better to sell the house and buygold. But there are substantial transaction costs in selling and buying houses and gold, and there is a significant cost in renting and the hassle of moving.

Without a significant mortgage, it is better to just stay in the house and short HOV, TOL, FNM, FMC etc if one thinks housing is a bad thing to own.

In your fervour to sling off at CB, you go a little off the rails TJ.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext