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To: benwood who wrote (78880)5/7/2008 9:49:22 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
So you're saying if you sold your real estate at 4% a year for 25 years, you'd never never need another one.

I don't believe you.

Your scheme would only work out of you were dead at the end of 25 years. . . but then your heirs would still have the same problem.

An oil reservoir and a piece of real estate are identical in this respect. Once you sell it, it is gone until you buy another one.
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To: benwood who wrote (78880)5/8/2008 12:19:33 AM
From: elmatador  Respond to of 116555
 
"It didn't matter one iota that my house price went up 200% in 15 years -- the other houses went up 200% too."

Unless you have two houses. You need one because you are not going to emigrate to Equador. But the other you could cash in on it.

Thus, house is consumption. Not investment. Buying a second house, it is investment. Not consumption.


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