3 ms·
By bad investment I mean bad by the standards of an investment: it’s not something you’d buy because you expect appreciation. I don’t mean that you would expect
by paulgb 3y ago
By bad investment I mean bad by the standards of an investment: it’s not something you’d buy because you expect appreciation. I don’t mean that you would expect it to lose value (beyond the usual depreciation of a physical asset).
Good point though, thanks for giving me a chance to clarify.
- clipsy 3y agoAgain, though, I think you are imagining a hard-and-fast distinction where there is none. Fundamentally, if I'm considering buying a house, I have to ask myself what the projected financial outcome is if I buy a house versus if I invest the potential down payment and continue to rent. Asking people not to make this analysis is asking them to throw rationality out the window, and I'm not sure how that would help the situation in the slightest.
- paulgb 3y agoPeople should totally make that assessment, I just think the conclusion should be roughly “I will break even”.