Comments on: Buying A House? Is it an Investment or a Home?

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DFA Link Rally: Gardening Saves Money — Tue, 01 Jun 2010 01:29:16 +0000

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By: Debbie M

Debbie M — Sun, 23 May 2010 19:19:14 +0000

Actually, you’re still missing a point. If your home is just your home, you don’t want the market value to go up because then your taxes and insurance will go up. (You do still want the value to you personally to go up such as by having better shops open up nearby and having potholes fixed.)

The only nice bonus about values going up is that if they go up so high that you can no longer afford your taxes and insurance, then you should get a lot of money if you sell.

By: Green Panda; What is Cool Around the Web This Week : Real-Time Finance

Green Panda; What is Cool Around the Web This Week : Real-Time Finance — Sat, 22 May 2010 01:18:30 +0000

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By: Personal Investment & Financial Planning Articles

Personal Investment & Financial Planning Articles — Fri, 21 May 2010 23:38:38 +0000

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By: Green Panda; What is Cool Around the Web This Week : Real-Time Finance

Green Panda; What is Cool Around the Web This Week : Real-Time Finance — Fri, 21 May 2010 17:46:22 +0000

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By: Green Panda; What is Cool Around the Web This Week « Green Panda Treehouse

Green Panda; What is Cool Around the Web This Week « Green Panda Treehouse — Fri, 21 May 2010 09:03:38 +0000

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By: Arthur @ FinancialBondage.org

Arthur @ FinancialBondage.org — Thu, 20 May 2010 21:24:28 +0000

A house should be a place to live. Not an investment where you “hope” to make money someday when/if you sell it. Those days are gone in this market and economy. If you paid cash for a home to rent it out, no debt, then that may be a different story.

By: Panda Mike

Panda Mike — Wed, 19 May 2010 17:46:27 +0000

When I shop to buy a house for myself, I always think about the resell value (I am careful bout things that annoy regular people such as highways in front of your house).

However, your personal home should never be considered as an investment. If you consider all the money you engulf in interest, taxes, maintenance and improvement and the final result when you sell your house; you will notice that you barely beat the inflation (unless you are quite lucky and you buy in 2002 and sell in 2007 ).

By: Kevin@InvestItWisely

Kevin@InvestItWisely — Wed, 19 May 2010 14:16:08 +0000

Yep, I meant to write “rental” property so as not to conflate it with self-home ownership

Although, I think that leveraging your own home is OK so long as you do not put yourself in a negative equity situation nor put yourself at risk of one (i.e. market prices drop by 20%).

By: Craig

Craig — Tue, 18 May 2010 23:29:04 +0000

@Kevin
Yes, focusing on real-estate is a great decision, but keeping your home free and clear is also very important.