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    #21
    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!

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      #22
      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!

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        #23
        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.

        Comment


          #24
          "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.

          Comment


            #25
            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.

            Comment


              #26
              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

              Comment


                #27
                Does any woman appreciate....man?

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