And very few of them even own a house, which show you how ignorant they are about investing…
—> And very few of them even own a house, which show you how ignorant they are about investing…
After you net mortgage interest, upkeep, furnishings, real estate taxes, etc., unless you rent it out for more, it’s simply a use asset you choose to keep and feed…
Our home has been paid off for years, but we feed the state so we don’t lose it.
New roof needed soon, we’ve replaced the a/c, furnace, water heater, etc.
I don’t remotely kid myself that it’s an asset.
Our apartment investments are assets. They pay for our home.
“And very few of them even own a house, which show you how ignorant they are about investing…”
actually, the real problem is that housing is now unaffordable for almost anyone who doesn’t already own one, so disposable income goes into stuff that’s affordable, things like fractional securities, big screen TVs, etc. ... you see this in the developed orient in places like Japan where the youth spend big bucks on designer-label clothing, toys and lavish night-life spending, but have little hope on owning a dwelling ...