P. Fritz wrote:
What other investment can be made (as an individual) for as little as
0%
down, that is historically an appreciating asset, where the cost of
financing (as well as taxes on it) are deductible?
Chuck is sounding jealous, like a typical liebral.
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Your primary residence is *not* an investment. Many commercial level
financial statements won't even allow you to list the equity in a
primary residence. It isn't an investment because you cannot choose to
do something else with the money without giving up your essential
shelter.
Your additional properties *are* investments, and often rather good
ones. But your domicile is not an investment, no matter how much the
folks who have never saved a dime or created a passive income stream
wish that it were so.
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