Hermit
Thinks s/he gets paid by the post
...
Interesting discussion. I would like to hear why those of you who do not consider a house to be an "income producing asset" think that way. For me it's easy, I own a house and I only have to pay 2 grand a year plus upkeep instead of $1600/mo. Not have to pay out is sorta the same as getting extra dough?
My lot costs me $450 per year. The motor home I live in was given to me. (I probably paid more than it was worth!) ~$400 per year in taxes & insurance. You could call it the motor home down by the creek. I think I am currently paying about what someone would be willing to part with for my housing. No extra dough here.