One of the things that surprise me when I hear people talk about their investments is – ‘Our biggest investment is our house!’.
A house that you live in, by definition, cannot be your investment. An investment is something that you can sell.
If you sell your house, you will have to pay rent or buy a new house. So in effect, you will not get money from selling your house – because you will spend it on the next house or on rent.
This is why I do not consider my residence as an investment.
A house that you live in is not an investment. It is your home!
MrFiner
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