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Real estate is not an investment? Bull****. You know absolutely
nothing about real estate Chuck. *************** Funny, you would have thought I might have learned at least something after all these years. I've bought and sold a total dozens of investment properties since the early 70's, as well as several non investment primary residences. My primary current income is from rents and royalties. Real estate can be an *excellent* investment, but your personal house is not an investment property in the most accurate sense of the word. Even if you could sell your left leg, that wouldn't make in an "investment". You need it. Just like you need your house. If the food in your kitchen cupboards doubled in price, you wouldn't be any richer unless you could get by without eating. As soon as you sold your "appreciated" food you would need to spend an equal amount to replace it. Summing up: Real estate = investment. Primary residence= housing expense. |
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