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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,818
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Quote:
Originally posted by on-ramp
Your home is an asset for your bank. For you , it's a liability.
The only people who "profit" from your house are your kids after you die. OR if you decide to sell it and downsize. but it will be a smaller home or in a less desirable neighborhood.
Your home is not a "business", it's just a place to live and pay along the way.
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+1 Everybody has to "be" somewhere. Beyond that? The only real estate I'm interested in is what I live in/on. Beyond that? There are better investments. Tell me again folks, about how a 1972 911S is an"investment". No,.like any other toy..it's just a toy others want. Ditto houses. Other than we all need a roof over our heads.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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