again just a difference in perspective, Lee
"Peppermint Patootie" > wrote in message
news
> In article >,
> "Storrmmee" > wrote:
>
>> i meant for you to make a profit, as long as its paid for and you enjoy
>> it
>> and don't need the money there is only one reason to sell, which is
>> profit,
>> but then this gets back to my original point, why say its an investment
>> if
>> you are going to continue to live in it, no income there, Lee
>
> I build equity every time I make a payment on a house I own. Every
> mortgage payment increases my net worth and reduces the federal taxes I
> pay.
>
> When I rented, every penny I spent in rent went into the landlord's
> pocket.
>
> On the one hand: owning means every month my net worth increases.
> On the other hand: renting doesn't do me any good beyond not being
> evicted.
>
> Sounds to me like owning is an investment.
>
> PP
> --
> "What you fail to understand is that criticising established authority by
> means
> of argument and evidence is a crucial aspect of how science works."
> - Chris
> Malcolm