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Asset or Investment
Tassotti
Posts: 1,492 Forumite
Many people see their homes as an investment.
How many people agree that their house is an investment or a liability?
Thoughts please from you educated people (non-educated can still respond)
How many people agree that their house is an investment or a liability?
Thoughts please from you educated people (non-educated can still respond)
0
Comments
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Hi Tassotti,
Definitely an investment. Have always managed to buy scruffy property on a rising market and set OH to work on improvement (he is ace DIYer but ageist employment policies have meant no paid work in his own field since 2002).
As far as we're concerned, a mortgage is an opportunity to invest using someone else's money
.
Interesting to know what other people think..
Feej£2 saving: 2.5 cm in the bottom of a 500ml sprite bottle - not counting but might weigh from time to time...0 -
Tassotti wrote:Many people see their homes as an investment.
How many people agree that their house is an investment or a liability?
Thoughts please from you educated people (non-educated can still respond)
As I've said many times before someone who owns one house and lives in it can't possibly count it as an investment.
Unless of course they intend to release the equity or downsize, which for Mr average this just doesn't happen.
If you're talking about second properties then of course this is an investment.0
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