Quote:
Originally Posted by CuriousToyBoy
I live by the Robert Kyosaki school of thought .. your home is NOT your biggest asset, it is your biggest liability ..... it is money tied up that is not really working for you.
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I would disagree. Many homes appreciate at a higher rate than many investments. In parts of Chicago, there have been 10-20% yearly increases in value in some homes. While it is more tied up than money in a stock, it's no different than any long term investment or retirement account. Your money is still making money. If you can rent out your property too, you're essentially having someone else pay for your property.