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unless you are selling or mortgaging it doesn’t matter what it went up . you need loans in one form or another to get that money back out .
also by the time most homes are paid for along the way they can actually cost 2 to 3x the buy price because of the interest on the mortgage..over a 30 year mortgage at 6-7% the home can cost 3x the price once interest is added.
while many people trade homes over the years the tally for the interest paid along the way keeps kachinging .
so break even is usually far more than the purchase price.
so until a house is sold there isn’t much you can do with it except live in it which is an expense
Last edited by mathjak107; 02-21-2024 at 06:15 AM..
unless you are selling or mortgaging it doesn’t matter what it went up . you need loans in one form or another to get that money back out .
also by the time most homes are paid for along the way they can actually cost 2 to 3x the buy price because of the interest on the mortgage..over a 30 year mortgage at 6-7% the home can cost 3x the price once interest is added.
while many people trade homes over the years the tally for the interest paid along the way keeps kachinging .
so break even is usually far more than the purchase price.
so until a house is sold there isn’t much you can do with it except live in it which is an expense
The house is for housing whether now or future long term care. It is a pot of money to deal with housing. It is optionality. I could sell it and use the proceeds to pay rent for the rest of my life. It covers a huge section of inflation.
The proper way to own gold is to own physical gold and I do not intend to deal with that and all that it entails. I have no access to GLD right now. I am not up on gold miners (which I understand is altogether different than owning gold).
I don’t own gold for any other purpose than a contrarian asset
No way do I want possession nor do I I want to own gold miners
They are not the same as gold. They are subject to earnings strikes management and everything else
I agree. That's why the inaccessibility of GLD to my 401k puts me in a conundrum. I won't be able to address that aspect. However, other commodities may be available in a mutual fund (integrated oil and gas companies, etc.). I know it's not the same thing.
Whenever you say that, I think of the grim reaper.
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