i don't care if you bought it new and cheap and it is now worth three times
what you paid... an investment is something that provides ongoing income a
house is not, it is a place you pay rent to yourself for the priviiligde of
living there, nothing more or less, most houses get sold under stress, a
fact that people don't pyay attention to often, your job changes, you retire
or one of you becomes disabled to the point you must sell or lose
everything, there are very few imho sales that are on the terms of the
seller... bless those who can... one of the best explainations i ever read
was that richdad/poor dad guys explaination of what an investment is... it
was funny when we read it, the dh is reading, and i busted out laughing...
he says whats funny... i said, are you getting royalties or what. Lee
"Julie Bove" > wrote in message
...
>
> "Storrmmee" > wrote in message
> ...
>>i meant exactly what i said, focus is you make it a home and you think it
>>is an investment... i just had a very modest home burn we paid 35k for
>>that one, the replacement should end up being around 150k and is a bit
>>smaller..
>>
>> as to the difference in focus, a house is a place to sleep and get clean
>> and store stuff... my home is wherever dh happens to be and has no
>> relation to a particular structure/location... housing is not an
>> investment to me, it only costs money, the only thing we consider
>> investments are things that generate income. IE
>>
>> just as i said a difference in focus, please don't take offense at a
>> perceived judgement that did not occur... Lee
>
> I don't consider our house an investment either. We bought it so late in
> life. We bought it when the price was high. Not the highest but close to
> it. And now the price is worth less than what we paid. Houses are just
> not selling in this neighborhood any more. Yes the new houses are
> selling. But not the older ones.
>