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SVTPerformance's Chain of Restaurants
Road Side Pub
Stay or sell, home related
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<blockquote data-quote="GNBRETT" data-source="post: 16357707" data-attributes="member: 111882"><p>Im not saying there are not exceptions. Im sure there are thousands of them. But on average it just doesn't work out that way for most. Your situation is not what the average person experiences when buying a home.</p><p></p><p>Im sure many have good reasons why it is an investment and I'm sure it was for them. And in certain circumstances it surely is an investment. But if we're talking on average it's is NOT an investment, not by a long shot!</p><p></p><p>A house has a far more important purpose. A house is to provide u shelter. U can't control the timing of ur ownership of a house. Meaning, u cant buy it and sell it at times they are most profitable to u. U buy it when u need shelter and u sell it when that time in ur life comes to sell and move on.....</p><p></p><p>The housing market may be shitty when u now want or need to sell or it may be great! Some people are forced to buy high and sell low which hardly makes owning a house an investment. Just because ur house appreciates doesn't make it an investment. Inflation makes ur house worth more over the long haul nothing more nothing less. </p><p></p><p>Investments generate some sorta cash flow. There is no cash flow here. Just cash dumping!</p><p></p><p>And plenty of people buy into a house later in life with no plans on selling it ever. Hardly makes that an investment. I'ts just trapped equity in the end when never planning to sell. Again, hardly qualifies as an investment. </p><p></p><p>The taxes, up keep, home owner insurance, PMI's, etc..... U have to maintain it! Not to mention the major repairs that houses need over time. Windows, floors, roofs, HVAC, drive ways, yard work, etc.... They are 10's or thousands of dollars over time. Not to mention the fees u pay buying and selling the house.</p></blockquote><p></p>
[QUOTE="GNBRETT, post: 16357707, member: 111882"] Im not saying there are not exceptions. Im sure there are thousands of them. But on average it just doesn't work out that way for most. Your situation is not what the average person experiences when buying a home. Im sure many have good reasons why it is an investment and I'm sure it was for them. And in certain circumstances it surely is an investment. But if we're talking on average it's is NOT an investment, not by a long shot! A house has a far more important purpose. A house is to provide u shelter. U can't control the timing of ur ownership of a house. Meaning, u cant buy it and sell it at times they are most profitable to u. U buy it when u need shelter and u sell it when that time in ur life comes to sell and move on..... The housing market may be shitty when u now want or need to sell or it may be great! Some people are forced to buy high and sell low which hardly makes owning a house an investment. Just because ur house appreciates doesn't make it an investment. Inflation makes ur house worth more over the long haul nothing more nothing less. Investments generate some sorta cash flow. There is no cash flow here. Just cash dumping! And plenty of people buy into a house later in life with no plans on selling it ever. Hardly makes that an investment. I'ts just trapped equity in the end when never planning to sell. Again, hardly qualifies as an investment. The taxes, up keep, home owner insurance, PMI's, etc..... U have to maintain it! Not to mention the major repairs that houses need over time. Windows, floors, roofs, HVAC, drive ways, yard work, etc.... They are 10's or thousands of dollars over time. Not to mention the fees u pay buying and selling the house. [/QUOTE]
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