Hate to rain on your parade, but a house is NOT an investment nor an asset according to my reading material on investing.chris01i30 wrote:Not trying to rain on your parade, offend anyone, etc but remember your tax return is YOUR MONEY less the interest that you COULD have earned had the government not been sitting on it for a year.
Its not like you hit the lotto or anythingGranted, I usually take my tax return $$$ and "invest" it into my home (new windows, roof, etc), but I dont think cars and parts are as good of an investment.
chris01i30 wrote:That depends.
My car probably lost anywhere between 10 and 30% of its value the day I drove it off the lot (Im guesstimating because used values for 2011 not available yet)
My house as it was appraised from last month gained almost 50% of the price I paid over the 10 yrs Ive been here At the peak of the housing market it was upwards of 200% more than what I paid for it. So, regardless of what reading materials tell me, my house is an investment. Now if I chose to buy a house I couldnt afford because the bank would hand me whatever I wanted, then yes my house wouldnt be an investment because I would be upside down on it, owing more than its worth.