Re: OT for those that purchased a home 2 years ago
- From: Chandler <omnibibulous1@xxxxxxxxxxx>
- Date: Tue, 31 Jul 2007 14:09:24 -0700
On Jul 31, 3:09 pm, arlo payne <arlo_pa...@xxxxxxxxxxx> wrote:
On Jul 31 2007 1:00 PM, Chandler wrote:
Of course it's an investment.
Not always. My present home is not an investment nor is the family ranch.
Well, you've got me there.
It is an investment with some unique
opportunities and some downsides, but it is an invesment like others
none the less. If you're citing increased replacement value as a
reason why it is not an investment... well, guess what. The
replacement value of other investments has gone up as well.
A little apple to oranges here. The stock money can be used for other things.
The house money must be used for a different house unless you are planning on
sleeping in your car or moving down in housing.
Yes, you could sell your stock and put the proceeds in a pillow sack
or buy a car or a home or (at an inflated replacement value) another
stock. If you sell your house you could do all of these things as
well. One of the things you could do is put all of home sale proceeds
into a home that is of comparable value to the one you sold. It is
not a requirement and sleeping in a car is not the only other option.
People's housing requirements and desires change all the time. With
the exception that you've avoided cap gains, the money counts the same
as the stock sale. You just have to find somewhere else to live...
presumably the goal in the first place. Now if what you're really
saying is that you should really like to live in the home that you
buy, that's fine. Works for me.
Chandler
.
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