Yeah, your moneys better spent on nice salon nails, cell phones and flat screen tvs.
I’ve owned 3 homes and never made a dime off any of them. That doesn’t mean I spend my time in nail salons.
with all the workers in govt making millions, they should ask the same about the second or third home
/sarc
“Yeah, your moneys better spent on nice salon nails, cell phones and flat screen tvs. “
At least you own those :). You have to pay rent to the government on ‘your’ house, or they sell it to get their taxes. And of course if the grass is 1/8th of an inch longer than the latest specs they might even arrest you.
A home is not an investment. It is a place to live. If you think that housing prices are going to get anywhere near the highs in the next 15-20 years, you are crazy. Inventories are massive. That leaves a lot of home sellers that bought in the last 6 years screwed. I am in the Real Estate business and this investment idea is one reason why the housing market is in the toilet. Pulling from lines of credit on your house to put landscaping and granite counter tops made peoples investment in their homes far more than it's actual worth. That is why so many are upside down now.
For many, salon trips and a flat screen would have been far better investments than installing the heated kitchen floors.