Quote:
Originally Posted by momof1in150
I look at a home as an investment.
|
Investment and Asset are two different things.
An asset is something that has value. So yes, a home is an asset in that sense.
An investment is something I purchase with the intent or expectation of making money on it. I don't consider my home to be an investment. Whether the value rises, falls or stays the same, I'm not selling it. It wasn't purchased in order to make money. It was purchased to have a place to live and a place to keep our stuff (any George Carlin fans?).