"P.Fritz" wrote in message
...

"NOYB" wrote in message
ink.net...

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.

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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.

I'm really beginning to wonder about some people. An increse in net
worth is an increase in net worth.

You will have a housing expense whether you rent or invest in a residence.
The tax law allows you to invest in a better space than you could rent for
the same net cost.
Your equity is protected from brankruptcy judgement,
The first (150k -250k) capital gains is typically tax free.
Damn good investment to me.


Let's spread the word! Imagine how high house prices would be if *everybody*
knew how wonderful and investment it is. Of course, the monthly income from
Chuck's rental properties would go to ****...