Quote:
Originally Posted by DoubleF
Usually it's something like:
Investment, in what sense?
"Oh, you can sell it and take the gains."
And then what? Rent?
"Obviously you don't sell it if you need to live in it."
Then when would you ever be able to sell the home?
"I don't know, but it's an investment."
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People always seem to come across as super stupid and unbelievable whenever people write dialogue on this board. Everyone on here must have a lot of dumb friends.
In any case, I know people that think it's an investment because they can build equity and buy something cheaper when circumstances change.
I don't see it that way, because I'm living in the house I expect to live in until I die, but I guess others don't mind the idea of downsizing in their retirement years.