Quote:
Originally Posted by maat55
I think too many people think it is a wise investment
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I agree with you here. I think many people rationalize and justify their home purchase by saying it is a good investment. Long-term home appreciation runs around 5 or 6% annually. Most people probably don't even break even when you factor in mortgage interest, taxes and inflation, not even counting maintenance costs and other carrying costs.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.