A personal home is NOT an investment

@Budgetdog_ everyone wants home prices to go up until that property tax bill comes in the mail

@Budgetdog_ Umm bought my personal home in 2019 for 770k can sell it quick today for 1.19 million

@Budgetdog_ Your primary home is first a lifestyle expense and not a true investment 👍

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@Budgetdog_ Not an investment? I call it emotional equity with monthly payments.

@Budgetdog_ It is an asset. As are many things. With the potential to be converted to an investment.

@Budgetdog_ Are you saying that endlessly paying house rent is better financial decision?

@Budgetdog_ A home is where you live, not where your money grows.

@Budgetdog_ Not always an investment but it’s stability and peace of mind.

@Budgetdog_ OK, what is it then?

@Budgetdog_ It might not be an investment, but it’s a security issue when you own it outright and I’ve invest in seven figures into my property at home on rural acreage and I would do it again. I don’t wanna have a mortgage and pay interest.

@Budgetdog_ Neither is an income property that nets you an under inflation return.

@Budgetdog_ Good post, I strongly agree, rare take

@Budgetdog_ For the vast majority of people, their home is the largest generator of income outside of working (and sometimes even more so than working) in their lifetime.

@Budgetdog_ Yes your right, when your personal home goes up in value that's a bullshit number that shouldn't be taken into consideration of your net worth

Sure is. It’s a place to raise a family safely. It’s a place to make memories. It’s a place to weather storms. It’s a place to call your own. It’s literally everything any human should want and relish. It’ll be too late for you to realize you’re 100% wrong in your approach to life, but I wish you well. Let others’ make that decision however.

@Budgetdog_ If you move a lot and kind of know what you are doing it can be. I have pictures Brennan.

@Budgetdog_ For an experienced investor using it (dual purposed) as an investment, it is

@Budgetdog_ Unless you live somewhere without property taxes. But generally I agree.

@Budgetdog_ Respectfully disagree. Tell that to the homeowner who bought in 2015 and now has $300k in equity. Forced savings, leverage, hedge against rent inflation, historical appreciation - illiquid? Sure. Not an investment? That's a tough sell.

@Budgetdog_ Financial clarity comes from separating utility from investment.

@Budgetdog_ Tell that to everyone who bought in 2012.

@Budgetdog_ My home is an investment for my kid.

@Budgetdog_ Why not?

@Budgetdog_ Why aren't you renting then?

@Budgetdog_ yea wtf is wrong with people for wanting personal homes. It’s not like it’s an investment for you & your family’s mental health/well-being.

@Budgetdog_ The equity on my homes would disagree with you

@Budgetdog_ It’s a hedge.

@Budgetdog_ its a liability

Strong take. The easiest way to know if something is an investment or not is whether you’d sell it to make a profit when if all things were the same you would not. Most people aren’t selling their homes sitting on a 500% gain right now. Therefore most homes aren’t investments for folks.

@Budgetdog_ “A roof over your head is not an investment” is the biggest bullshit I’ve heard in my life. A quality home for your family is an investment into your quality of life, not your ROI.

@Budgetdog_ A home isn’t just an investment, but it’s valuable today. It gives shelter, stability, and a hedge against rising costs. Prices keep climbing, so owning one provides security and potential appreciation, even if the main benefit is living in it.

@Budgetdog_ Home equity means shit when you need cash in a hurry.

@Budgetdog_ It’s not, that’s true. But it (should) appreciate in value when you live there

@Budgetdog_ First learnt that when I was 12 years old reading rich dad poor dad 😆 @theRealKiyosaki

@Budgetdog_ It’s 100% a liability. Not enough people understand this

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