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To What Extent Is Buying A House An Investment?
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[QUOTE="Black Panther, post: 11483, member: 3"] If you have ever had the goal of being a homeowner the moment you achieve that goal you will have an instant piece of mind. There is nothing more satisfying than saying "I did it." And that to some people is what leads them to think that they now have an asset which is true. But ONLY if they look after that house and don't sell it at a loss. For example, suppose you bought a house which costs $1m you might sell it at around $800k depending on the market value and especially if you are under intense pressure to meet urgent financial obligations. The final result is you would've turned your house into a bad investment with a loss of $200k. Therefore to avoid turning your house into a bad investment you have to buy and hold forever or you have to make sure you sell it at a higher price than you originally bought it at. [/QUOTE]
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To What Extent Is Buying A House An Investment?
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