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> You can also customize and improve a home you own. Many people have housing needs that cannot be met in the rental market. With a home you own, you can make t
by ahomescu1 13y ago
> You can also customize and improve a home you own. Many people have housing needs that cannot be met in the rental market. With a home you own, you can make the modifications you need, and accept the impact to your home's value.
Sure, I agree with all of that. However, none of these qualify as economic investments IMHO, unless you decide to start a business out of your home.
Keep in mind I'm focusing strictly on investment in economic terms (production of goods or services). I agree that the house provides various benefits to its owners, just that none of them are economic returns.
- encoderer 13y agoI think you have a very narrow definition of "investment" that doesn't match how others use it. I challenge you to explain why speculation in equities is an "investment" but speculation in real estate isn't. Suppose I create a corporation, sell shares, buy real estate, sell it for more money, and return value to shareholders. Is that an investment? I think your argument is thin here.
- ahomescu1 13y ago> I challenge you to explain why speculation in equities is an "investment" but speculation in real estate isn't. Speculation in equities is also not an investment in my book. I was referring to buying stock long-term for the dividends, not short-term speculation.