Its over

[MBgrower]

Sumdumguy: I dont agree that houses are assets. For a typical couple buying a house on a 25 year mortgage, the interest costs over the 25 yrs will be about the same as the original principal value. So your house has to double in value before you make any money on your investment. Plus you have to account for property taxes and maintenance costs.

Buying cheap rentals suites probably was a wise purchase, but have you ever had to deal with renters? Nightmare!

[Burbert]

A house is certainly an asset, given that
ya kin live on the street, er in yer car
if ya have ta sell er lose it. More money
made, buying and selling homes than fn
workin fer a livin.
Remember though, ifn theres not enough
money ta make both the house and car
payments. Always make the car payment
first, cousin ya can't drive a house,
whereas ya kin live in and drive yer car!

[sumdumguy]

Depreciating machinery an asset? At least
houses have appreciated. On a farm, I get it
because it is likely sunk costo that may bring you
no monetary return, but a happy wife means a
happy life so do the kitchen. Divorces aren't
cheap.

[cottonpicken]

"a house isn't an asset"

The bank may tell you otherwise.

Down south many learned the hard way that owing
more than its worth makes it a very real asset,thats
better to walk away from.

The one in a thousand who seen that bubble and took
action now can afford a bigger better home.

Land as an investment-great idea,5 years ago.

Investing is about what will happen,not what has
already happened.

[ado089]

A rental property is an asset as it
generated regular income from the
investment. Your primary home or
recreational property is not an asset,
it's a money pit requiring regular maintenance, renovations, property tax
and if there is a woman in it you will
have to fill it with expensive frilly
crap. At the end of the day it's value
is volatile and highly unpredictable,
money only flows one way into that
sucker and that is a liability by
definition.

[riders2010]

So the question therefore is Does the woman APPRECIATE or DEPRECIATE in value as time goes on? lol Or do you just go get a newer house and newer woman? lol

[Choice2U]

Does any woman appreciate....man?