Comments on: I refuse to let my house be an investment http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html A fun personal finance blog Sat, 11 Feb 2012 04:21:35 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Allison Brown http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html#comment-1829 Allison Brown Wed, 18 Nov 2009 13:31:53 +0000 http://www.punchdebtintheface.com/?p=153#comment-1829 A very interesting blog post. What would you say was the most common problem? A very interesting blog post. What would you say was the most common problem?

]]> By: Denis M. http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html#comment-1160 Denis M. Thu, 13 Aug 2009 02:05:27 +0000 http://www.punchdebtintheface.com/?p=153#comment-1160 My train of thought now is to buy a home here, let it "appreciate", sell it 20 yrs down the road, then move to my homeland of Nicaragua where i can live like a king on the sale of the home, a 300k home here would cost about 50k there and i pocket the rest which would last me a lifetime :) My train of thought now is to buy a home here, let it "appreciate", sell it 20 yrs down the road, then move to my homeland of Nicaragua where i can live like a king on the sale of the home, a 300k home here would cost about 50k there and i pocket the rest which would last me a lifetime :)

]]> By: Jessie http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html#comment-1155 Jessie Wed, 12 Aug 2009 16:48:46 +0000 http://www.punchdebtintheface.com/?p=153#comment-1155 AGREED! I want a house to live in, that's mine and that I can do with what I please! The rest of it is gravy... AGREED! I want a house to live in, that's mine and that I can do with what I please! The rest of it is gravy…

]]> By: Donnie http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html#comment-1154 Donnie Wed, 12 Aug 2009 16:26:40 +0000 http://www.punchdebtintheface.com/?p=153#comment-1154 Renter for life, yo. The flexibility is worth way more to me than any possible appreciation. <br /><br />Perhaps I could afford to switch jobs more often and get more money, because you aren't tied down to one area. Renter for life, yo. The flexibility is worth way more to me than any possible appreciation.

Perhaps I could afford to switch jobs more often and get more money, because you aren't tied down to one area.

]]> By: Jesse http://www.punchdebtintheface.com/2009/08/i-refuse-to-let-my-house-be-investment.html#comment-1153 Jesse Wed, 12 Aug 2009 16:08:07 +0000 http://www.punchdebtintheface.com/?p=153#comment-1153 Can we say "housing bubble". This kind of thinking is what got most of the nation in trouble in the first place. Houses are only worth what someone else will pay for them. Just because you think the house will/has go up in value cos everyone elses house did, doesnt mean you will be able to sell it for that. Especially if all the other houses are for sale.<br /><br />Nevertheless, it is nice to own a house but it is definitely a liability, not an asset. Can we say "housing bubble". This kind of thinking is what got most of the nation in trouble in the first place. Houses are only worth what someone else will pay for them. Just because you think the house will/has go up in value cos everyone elses house did, doesnt mean you will be able to sell it for that. Especially if all the other houses are for sale.

Nevertheless, it is nice to own a house but it is definitely a liability, not an asset.

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