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Old Yesterday, 05:34 PM
 
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A place to live or a tool for profit?
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Old Yesterday, 05:35 PM
 
Location: So Cal
36,751 posts, read 33,431,387 times
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Both.
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Old Yesterday, 05:36 PM
 
Location: Jacksonville, FL
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Both, depending on your situation. Rental property can be a fantastic investment if handled correctly, and there will always be people who either can't or won't buy a house.
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Old Yesterday, 05:37 PM
 
Location: West Texas
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Quote:
Originally Posted by Chowhound View Post
Both.
Short answer, but very true.
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Old Yesterday, 05:39 PM
 
Location: the Sticks
3,944 posts, read 950,238 times
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Both. Its where you live but also an investment.
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Old Yesterday, 05:42 PM
 
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Quote:
Originally Posted by JimRom View Post
Both, depending on your situation. Rental property can be a fantastic investment if handled correctly, and there will always be people who either can't or won't buy a house.

Every income property is someone else's outgo property.
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Old Yesterday, 05:52 PM
 
Location: So Cal
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Quote:
Originally Posted by Horizonite View Post
Short answer, but very true.
Quote:
Originally Posted by boneyard1962 View Post
Both. Its where you live but also an investment.
I bought my condo back in the late 90's before market went nuts and when real estate was somewhat reasonable. The value has more than tripled over the years. I didn't think it would take off that much. I bought it mostly because I was making better money and it was a good tax break/benefit and seemed like a good logical decision. I had literally no idea that the market would go so nuts. Even now after that crazy peak we had a few years ago the prices are starting to slowly rise up again.

You know that is happening as soon as you start hearing all the ads advertising some flipping method. LOL, most people who try to flip houses get burned. You really need to know hat you're doing to make that really work.

Same sorta goes with renting. I've worked with guys and they were telling me about all of the nightmares with tenants and it sounded like more of a pain the ass than it would be worth, at least to me. I'm all about low problems in my life.

If I said how much my mortgage is and what a nice decent area we're in I'm sure that there would be hoards of shade thrown my way.
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Old Today, 07:47 AM
 
31,178 posts, read 16,934,931 times
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Quote:
Originally Posted by boneyard1962 View Post
Both. Its where you live but also an investment.

For people unable to own their home, don't they pretty much have a negative stake?
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Old Today, 07:50 AM
 
Location: Metro Detroit, Michigan
11,217 posts, read 11,640,634 times
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This is a capitalist/mixed economic system. The the correct answer, at least in my opinion, is both. Why would anyone invest in building a home for others if there was no profit to be made? It's nice to think that there are people who would do this for free, or for a loss, but most people like to eat. And so, they must earn a living in the process.

For people who need to borrow money to purchase a home, why would banks lend money to people if there was no money to be made? Bankers like to eat, and so, they must also earn their living and profit in the process.
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Old Today, 08:14 AM
 
23,836 posts, read 10,422,759 times
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Quote:
Originally Posted by freemkt View Post
A place to live or a tool for profit?
Most homes are not a very good investment.

If you are concerned with the best return on your money, you should buy the least expensive housing possible. Since most people spend much more money than they need to, they are actually choosing lifestyle over money.

I do not view my home as an investment, because it is not. My home is about comfort, lifestyleand even a touch of vanity.
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