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Old 01-06-2007, 01:43 AM   #1
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For how many of you is your house your largest assest?

Curious..

My business is my largest - then my house then my rrsp account (registered retirement account - limited amounts allowed to be deposited a year) - within 10 years house will drop from #2 to #4. my unregistered savingin now are a close #4 and within 10 years they should be larger than the house as well - allowing for growth on all 4 things too.
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Old 01-06-2007, 01:47 AM   #2
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I have several businesses and collectively they are my largest asset.
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Old 01-06-2007, 01:48 AM   #3
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My teeth are my largest asset -- solid gold with PLENTY of bling.
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Old 01-06-2007, 01:49 AM   #4
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My teeth are my largest asset -- solid gold with PLENTY of bling.
Word.

Do you live in the hood?
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Old 01-06-2007, 01:53 AM   #5
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Bank account and investments are definitely my #1.
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Old 01-06-2007, 01:54 AM   #6
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i agree....my teeth are the best.....i love roling with full grills
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Old 01-06-2007, 01:57 AM   #7
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I would bet for 95&#37; of the people here their cars are their biggest "assets"....
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Old 01-06-2007, 02:00 AM   #8
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I would bet for 95% of the people here their cars are their biggest "assets"....
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Old 01-06-2007, 02:01 AM   #9
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Well, since I live where I live it isn't tough for your house to be your biggest asset. Combine that with the fact that two of us own the biggest company, so it is only 50&#37; mine . . .

I expect a different response by the end of 2007 however.
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Old 01-06-2007, 02:02 AM   #10
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I would bet for 95% of the people here their cars are their biggest "assets"....
no doubt
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Old 01-06-2007, 02:02 AM   #11
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Word. Do you live in the hood?
Fo' shizzle!

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I would bet for 95% of the people here their cars are their biggest "assets"....
Even more disturbing, some people say "yes, my house is my largest asset," yet they're TALKING about their car.
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Old 01-06-2007, 02:06 AM   #12
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"yes, my house is my largest asset," yet they're TALKING about their car.
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
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Old 01-06-2007, 02:07 AM   #13
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Wait a minute you can BUY a house?

No shit.
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Old 01-06-2007, 02:21 AM   #14
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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.

2c
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Old 01-06-2007, 02:29 AM   #15
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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.

2c
I'd disagree. Investing in Real Estate (speculatively, or for income etc) is a pretty good way to go.
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Old 01-06-2007, 02:33 AM   #16
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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.

2c
It is also most peoples largest debt.
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Old 01-06-2007, 02:33 AM   #17
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probably my DVD collection...followed by my VHS collection
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Old 01-06-2007, 02:44 AM   #18
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which house?
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Old 01-06-2007, 03:00 AM   #19
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I'd disagree. Investing in Real Estate (speculatively, or for income etc) is a pretty good way to go.
I did NOT say investing elsewhere if you read it... the theory is YOUR OWN HOME.

Read Rich Dad, Poor Dad

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Old 01-06-2007, 03:03 AM   #20
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It is also most peoples largest debt.
You got it.

You are paying money back that could be better used INVESTING to make a return.

Kyosaki is brilliant.

But that is just my opinion.

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Old 01-06-2007, 03:07 AM   #21
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You got it.

You are paying money back that could be better used INVESTING to make a return.

Kyosaki is brilliant.

But that is just my opinion.

Unless someone else is paying that debt for you

leverage my son. Leverage.
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Old 01-06-2007, 03:09 AM   #22
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Unless someone else is paying that debt for you

leverage my son. Leverage.
Yeah, but that goes a step beyond simply paying a mortgage.

Read the book, you'll get what I mean.

;-)
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Old 01-06-2007, 03:14 AM   #23
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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.

2c
My home appreciated in value by roughly $2k a month last year.
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Old 01-06-2007, 03:24 AM   #24
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My home appreciated in value by roughly $2k a month last year.
Lucky you.

Mine, or should I say the one I rent from someone else did double that, AND the tax breaks, oh lord, the tax breaks.

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Old 01-06-2007, 03:26 AM   #25
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Not so much the house, as the land that it's on.

Last edited by aico; 01-06-2007 at 03:27 AM..
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Old 01-06-2007, 03:30 AM   #26
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A steady growing investment portfolio is my largest asset, but sadly at the age of 31, it is no where near what it should be. I plan to start investing again this year.
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Old 01-06-2007, 03:38 AM   #27
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well yes, my house is among the most valuable assets, along with other re holdings. I belive in re as a great long term investment strategy
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Old 01-06-2007, 03:44 AM   #28
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Old 01-06-2007, 06:48 AM   #29
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I would bet for 95% of the people here their cars are their biggest "assets"....
domains for me...
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Old 01-06-2007, 06:50 AM   #30
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right now my house is my biggest asset.

i do hope to change that though


onward and upward!!!!
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Old 01-06-2007, 07:41 AM   #31
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Well i dont have house so right now is my bussiness biggest asset
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Old 01-06-2007, 07:43 AM   #32
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My house is definately my largest asset... Next, my businesses.
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Old 01-06-2007, 08:08 AM   #33
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Old 01-06-2007, 08:11 AM   #34
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My mainstream business is my largest asset
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Old 01-06-2007, 08:13 AM   #35
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My biggest assets, well I am scratching them right now ... Yawn ;-)
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Old 01-06-2007, 08:57 AM   #36
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Old 01-06-2007, 10:07 AM   #37
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well yes, my house is among the most valuable assets, along with other re holdings. I belive in re as a great long term investment strategy


Your place is priceless Jules !!

Forget the ledger, heaven on earth does not have a value !!!

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Old 01-06-2007, 10:11 AM   #38
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Lucky you.

Mine, or should I say the one I rent from someone else did double that, AND the tax breaks, oh lord, the tax breaks.

Is this in Aus? Been thinking of moving to the southern hemisphere for a bit...
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Old 01-06-2007, 10:17 AM   #39
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Well my house, but only because it contains my priceless collection of every cabbage patch doll ever made. Its taken me 20 years to amass such a collection. We have 5 bedrooms and 4 of them are filled floor to ceiling with cabbage patch dolls carefully preserved in plexiglass cases. Yes Im a millionaire a cabbage patch millionaire....
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Old 01-06-2007, 10:19 AM   #40
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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.

2c
he obviously doesn't own property in LA
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Old 01-06-2007, 10:23 AM   #41
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Well my house, but only because it contains my priceless collection of every cabbage patch doll ever made. Its taken me 20 years to amass such a collection. We have 5 bedrooms and 4 of them are filled floor to ceiling with cabbage patch dolls carefully preserved in plexiglass cases. Yes Im a millionaire a cabbage patch millionaire....
disturbing
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Old 01-06-2007, 10:24 AM   #42
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he obviously doesn't own property in LA
Value of my house and property has gone up nearly 80,000.00 from what we paid for it just 2 years ago. Its all about buying at the right time.
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Old 01-06-2007, 10:25 AM   #43
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disturbing
Wait thats not normal?
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Old 01-06-2007, 11:12 AM   #44
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my rental houses
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Old 01-06-2007, 11:52 AM   #45
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3. Guitar Collection
OK, let's see some pics. I can always appreciate a nice guitar.
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Old 01-06-2007, 12:17 PM   #46
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My business is my biggest asset. It pays for my house!
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Old 01-06-2007, 12:29 PM   #47
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I don't know..................Maybe My instrument?!?!?!?!
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Old 01-06-2007, 12:55 PM   #49
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My business would be my biggest asset. Condo is next with the part of Chicago I'm in going up big time over the years. I'm only 27 so I really just started retirement stuff, but I do have a good chunk of change in various savings/CDs/other shitty investments that is growing too.
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Old 01-06-2007, 12:56 PM   #50
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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.

2c
bullshit to that - you've just got to be good at the game...
my family house is worth 160% more than what I paid for it 4 years ago (50% of that I paid cash), an apt we rent is worth 900%+ more than what we paid 10 years ago, and our country retreat gained 25% in value in 2 years.

Property investment is as safe as houses, as they say.
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