Thread: Real Estate
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  #9  
Old 10-04-2005, 11:36 AM
Peter666 Peter666 is offline
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Join Date: Jun 2005
Posts: 346
Default Re: Real Estate

I don't see how a property that you live in is considered a real investment until you sell the property, take the cash and buy something cheaper to live in, thereby having a net gain.

Without positive cash flow (and the property you live in usually generates negative cash flow) you are not invested! Banks encouraging people to take out large mortgages because their home is an investment is the biggest lie in financial planning! You are making bankers extraordinarily rich by doing so.
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