Quote:
Originally Posted by Seeker
Interesting view. Valid I suppose.
But if you deem the monies spent in this fashion as a liability, shouldn't you also deduct the monies spent given to your landlord/landlady as well?
You gotta pay someone. Whether you pay yourself for ultimate ownership or you pay someone else for use <renting>... the money still will be spent somewhere. Someone gains.
But renting, IMO, is a true liability.
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I agree that your home is a better investment than renting, but it's not as good an investment as people think. Too many people have too much of their income tied up in their homes. Some homes have seen large appreiciation, but most have not, but we keep putting large sums of money into them instead of true investments.