Quote:
Originally Posted by yellow heel
Let me play devil's advocate.
Will you sell your mutual fund it went down (lets say its an index fund)?
House price will go up in the long run as with the stock market but we don't know how much and how long... is this a good analogy?
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I don't think that is a good analogy. If my mutual fund account falls in value, it doesn't cost me money out of pocket each and every month. It is purely a paper loss. It has no impact at all on my day to day spending or household budget. This property is costing OP $450 per month out of pocket. If every time my mutual fund account fell in value, I had to make up the difference out of pocket, you bet I'd sell it.
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