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> There are literally 0 people I know who think owning a house is not an investment. I thought of my house as a "use asset", like a car. It's nice when the hou
by gshubert17 8y ago
> There are literally 0 people I know who think owning a house is not an investment.
I thought of my house as a "use asset", like a car. It's nice when the house appreciates. But I couldn't sell it and "cash out" if I had to use the proceeds to buy another house. But, as you said, it saved on rental costs.
- Rotten194 8y agoOwning a house is an intergenerational investment -- your kids can sell it and make a tidy unearned profit on what you spent, or live in it and pocket that amount of money in not having to pay for another living arrangement. It contributes to the high IGE of the US the author was talking about.