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That's right. But using a house, like driving a car, pushes its value down. Wear and tear. I own my home because I like owning it and being able to use it the
by skookumchuck 8y ago
That's right. But using a house, like driving a car, pushes its value down. Wear and tear.
I own my home because I like owning it and being able to use it the way I want to rather than asking permission from the owner. But I don't think I have illusions about it being an investment. It kinda sucks as an investment.
- sokoloff 8y agoI suspect we see things fairly similarly. I bought our house because it was a great location, (potentially) lovely old house, with a yard and parking, and sized/designed that we might be able to live there 30+ years. I bought it considering the ownership to be primarily an act of consumption; it's just happened to turn out to be a greater windfall than my actual/intentional investments. I accounted for it like consumption, but had pretty strong suspicions that it would have a strongly positive financial return. (Nice large, already old, single-family with a yard in Cambridge, MA.)