The gold in your backyard- real value of home ownership.
My dad sometimes forward me the Taipan daily investment newsletter. They always have some good insight in to the stock market and economy. This article today by Adam Lass is great. The great value of home ownership is not measured by appreciation rates or equity. When will the real estate market recover? When enough people realize a home is a home first and an investment second.
If you buy a home today and it never appreciates one dime (not likely) it can still be a good investment. It is a good investment in your family and yourself. It is the place where most of your lifetime memories will be made. Over the long term you will have a forced savings account through equity build up. Mr. Lass points out what I have been saying for while. Your home is where you raise your family, share good times with friends, and build the memories that are the fabric of life. That is the true return on the investment in home ownership!
The Gold in My Backyard
Here's what the 50-year low in mortgages means to your wallet – and your sanity.
Many of you will travel great distances this long summer weekend, to visit hot sandy beaches and cool summer cabins in the mountains
I will not, but do not mourn for me.
I am quite pleased to spend the holiday on Seven Oaks Farm. It is my intention to tend to an outbuilding in dire need of scraping and painting. We have just had several old trees that fell over the winter ground to mulch, and I look forward to carting it up to the gardens.
Come Monday, we will head into the old village to drink lemonade, watch the parade in the morning and the local fire department's fireworks come nightfall. With any luck, the chief will not ignite his overalls again this year.
But even if he does launch a rocket across the high school's field (or perhaps especially then), it is all pure gold.
I didn't always live on an old soybean farm in rural Maryland. I used to be... a New Yorker!
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