Quote:
Originally Posted by spdrun
You'd be wrong, of course. He's not proposing to spend it on hookers and blow, but to put it into a different investment vehicle. Even if he gets taxed on it, if home prices will be 20% higher 2 years from now, it may be worth eating the tax.
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A house is an investment vehicle? Absolutely flawed logic. An investment vehicle is something we put money into with the sole purpose of growing that money and/or extracting an income. A house is a place to live. And, if and when we feel compelled to move or sell, if the house has appreciated in value and we are able to sell at a gain it is a favorable situation. If it has depreciated we just have to absorb the loss and console ourselves with the fact that we had a place to live for that time period.
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1983 M-B 240D-Gone too.
1976 M-B 300D-Departed.
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Last edited by cjlipps; 03-19-2013 at 03:14 PM.
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