cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Whoa folks, before we get carried away with what you THINK i'm saying, let me clarify. Not that such clarification has ever helped in the past. The last time I tried to clarify a position on killing innocent people, I was turned into a supporter of infanticide in under 3 posts...
I have no interest in changing anyones point of view, nor am I insistent on projecting my own onto anyone elses. I'm just trying to understand by asking questions. I got into this mess because someone disagreed with something and the disagreement didnt make sense.
As far as the 'brain wiring' comment, its already been well established that most decisions are made in the gross absence of facts, based on emotional and intellectual hairballs that exist in people. You already know the answer to the question, its simply an exercise in creating the structure of rationality and reasoning to support that. Not that theres anything wrong with that...everyone works the same way.
As far as Scrooges comments...the same sentiments could be made about almost any retirement investment or asset, couldnt they? Every asset and its purchase, holding and sale has lots of implications and concerns/issues.
While there are certainly exceptions, most homes retain value well, increase value with or in excess of inflation, can provide an income stream (reverse mortgages, renting a room or the whole thing), or a lump sum (mortgaging, splitting land or selling outright). Its also probably the most expensive thing you own and perhaps the largest single investment in many investors portfolios.
With that in mind, you exclude it from any planning and dont consider it when investing millions of dollars?
In my case, its an appreciating asset that is an excellent store of value, and to me it represents the opportunity to either be more conservative or more aggressive with my investments because the home effectively acts like a giant bond.
By the way, who the heck is "ted"?
I have no interest in changing anyones point of view, nor am I insistent on projecting my own onto anyone elses. I'm just trying to understand by asking questions. I got into this mess because someone disagreed with something and the disagreement didnt make sense.
As far as the 'brain wiring' comment, its already been well established that most decisions are made in the gross absence of facts, based on emotional and intellectual hairballs that exist in people. You already know the answer to the question, its simply an exercise in creating the structure of rationality and reasoning to support that. Not that theres anything wrong with that...everyone works the same way.
As far as Scrooges comments...the same sentiments could be made about almost any retirement investment or asset, couldnt they? Every asset and its purchase, holding and sale has lots of implications and concerns/issues.
While there are certainly exceptions, most homes retain value well, increase value with or in excess of inflation, can provide an income stream (reverse mortgages, renting a room or the whole thing), or a lump sum (mortgaging, splitting land or selling outright). Its also probably the most expensive thing you own and perhaps the largest single investment in many investors portfolios.
With that in mind, you exclude it from any planning and dont consider it when investing millions of dollars?
In my case, its an appreciating asset that is an excellent store of value, and to me it represents the opportunity to either be more conservative or more aggressive with my investments because the home effectively acts like a giant bond.
By the way, who the heck is "ted"?