NOYB wrote:
wrote in message
ups.com...
NOYB wrote:

Chuck is the first person that I've heard say that a home in a
rapidly
appreciating real estate market is *not* a good investment.

****************************

I'm seriously surprised.

Your house is a house. It's not an investment. Sky high and soaring
housing prices are only a good thing if you own other real estate
in
addition to your primary home. You can have your home, (which you
need), or the money tied up in it, but not both.

When you cash out an "investment" your options in life should
increase
substantially. When you cash out your house, you get to live in a
yurt.

But a really, really nice yurt.

Of course, I could retire to Snellville, buy an entire trailer park,
and
still put a million in my pocket.

Yeah, right. You are financially scraping by. You've said here that you
have an interest only mortgage. Anyone solvent would be paying on the
principal.