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No need for name calling. With a stable population, no tax incentives, no legal or government incentives, etc, your home is a depreciating asset. If you've owne
by basetop 7y ago
No need for name calling. With a stable population, no tax incentives, no legal or government incentives, etc, your home is a depreciating asset. If you've owned a home, you realize it is constantly breaking down and you have to constantly fix it. A home isn't a productive asset like a business. It isn't making you any money "productively". The only way homes become appreciating asset is purely through external manipulation. Increasing population, limiting development, tax incentives, legal incentives, etc. This isn't a secret.
- bluGill 7y agoIt doesn't matter if you rent or buy: either way you have to pay for the maintenance costs. If you rent you don't directly pay it, but you still pay for it. As such maintenance costs are not a factor. A house should ideally be a stable investment: the value should keep pace with inflation. Most people pay more for house maintenance than required (updating a perfectly good kitchen...). That is an investment in quality of life.