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 👍

Pick which twin will win! You could score a share of $2 million in Bonus Bets.

@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_ 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_ Good post, I strongly agree, rare take

@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

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

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

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

@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_ Tell that to everyone who bought in 2012.

@Budgetdog_ Financial clarity comes from separating utility from investment.

@Budgetdog_ My home is an investment for my kid.

@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.

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_ The equity on my homes would disagree with you

@Budgetdog_ Why not?

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

@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_ It’s a hedge.

@Budgetdog_ its a liability

@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.

Free Cone Day is here! Come celebrate with us at a DQ location on today by getting a FREE small vanilla cone 🍦

Your primary residence doesn’t generate income, doesn’t depreciate on your taxes, and you can’t 1031 exchange out of it. Calling it an investment confuses emotion with strategy, and that confusion leads people to over-leverage on a depreciating lifestyle asset while neglecting actual income-producing property.

@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