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Chuck,
You are incorrect. wrote in message oups.com... 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. ************************ 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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