Our savings and investments journey

sunil1234

ok lets continue

a house is not an asset in this sense, you have not bought it to generate you an income or growth. Those are two incidental side effects.

Until you move out and someone else rents it from you and pays the outflows, insurance, utilities, maintenance etc and you get an income or you sell it and downsize, i would not define it as an asset from an investment point of view. It can, also be, in this day and age highly illiquid.

all good debate anyhow...:cool:

bendix

sunil1234 wrote: »

l

you dont have to rent if you dont own, you can squat, live in a cardboard box whatever. Its not about opportunity cost in my opinion, and lets remember, this is all about opinion.

TTFN (am i allowed to smile?):)

Yes, it's about opinion, but - to paraphrase George Orwell - not all opinions are equal, as your post here succinctly demonstrates. Particularly when they are totally absurd.

By your logic, a Van Gogh is not an asset either. Nor a gold bullion bar. Neither of those generates income.

sunil1234

bendix wrote: »

Yes, it's about opinion, but - to paraphrase George Orwell - not all opinions are equal, as your post here succinctly demonstrates. Particularly when they are totally absurd.

By your logic, a Van Gogh is not an asset either. Nor a gold bullion bar. Neither of those generates income.

now youre putting words in my mouth:p

gold - is it an asset or a store of value?

i dont know about paintings - a subjective asset, whats the true determination of its value?

when i meant income, i meant return - we buy investments as a means of creating a return to increase wealth. When we buy a house to live in, we dont realise any return and yet pay outflows to maintain the house all the time we occupy it.

anyhow less of the absurd etc type words, no need to be rude.:T

ThriftyFelicity

One's primary residence *can* be used to generate income... one example is to take in a lodger.

MGCP

sunil1234 wrote: »

now youre putting words in my mouth:p

gold - is it an asset or a store of value?

i dont know about paintings - a subjective asset, whats the true determination of its value?

when i meant income, i meant return - we buy investments as a means of creating a return to increase wealth. When we buy a house to live in, we dont realise any return and yet pay outflows to maintain the house all the time we occupy it.

anyhow less of the absurd etc type words, no need to be rude.:T

It sounds as if you are confusing the concepts of an "investment" and an "asset". There is no requirement for an asset to be an investment. It just needs to have a value, whether that value increases, decreases or does nothing whatsoever.

bendix

sunil1234 wrote: »

now youre putting words in my mouth:p

gold - is it an asset or a store of value?

i dont know about paintings - a subjective asset, whats the true determination of its value?

when i meant income, i meant return - we buy investments as a means of creating a return to increase wealth. When we buy a house to live in, we dont realise any return and yet pay outflows to maintain the house all the time we occupy it.

anyhow less of the absurd etc type words, no need to be rude.:T

When I've bought houses to live in, I've also bought them knowing full well they will also appreciate in value and provide me with an investment return. In the two or three times I have done that, they have returned considerably more than I was getting from my salary at the time.

Game. Set. Match.

bendix

MGCP wrote: »

It sounds as if you are confusing the concepts of an "investment" and an "asset". whatsoever.

It sounds as if he doesn't know his a**e from his elbow, to be honest.

sunil1234

bendix wrote: »

It sounds as if he doesn't know his a**e from his elbow, to be honest.

Stop being rude , do you have a smally will or a big a&@e because you keep putting stuff in it ?

sunil1234

bendix wrote: »

When I've bought houses to live in, I've also bought them knowing full well they will also appreciate in value and provide me with an investment return. In the two or three times I have done that, they have returned considerably more than I was getting from my salary at the time.

Game. Set. Match.

good for you

Lokolo

sunil1234 wrote: »

Stop being rude , do you have a smally will or a big a&@e because you keep putting stuff in it ?

Try and be more active on this forum and you'll soon under the wonder that is bendix (and DiggerUK, and me, and lots of other regulars )