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Reply #11: Um... Most People Buy Houses Not Only To Live In, But AS An Investment For The Future [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

WillyT

(1000+ posts) Send PM | Profile | Ignore

Sun Nov-14-10 03:08 PM
Response to Reply #8

11. Um... Most People Buy Houses Not Only To Live In, But AS An Investment For The Future

Edited on Sun Nov-14-10 03:17 PM by WillyT

You ever hear of a "starter" house?

For decades, families starting out bought a small affordable house which they would then sell as they needed a bigger house for their expanding family. And for decades, the values of every house they bought went up in value. When the children left the house, they tended to cash it in for something smaller, or even a rental and take the "extra money", ie. their investment, and roll it into some other vehicle to serve as part of their retirement.

Apparently... somebody changed the rules of the game without telling the rest of us.

:shrug:

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