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Old 07-05-2013, 08:33 PM
larryinalabama larryinalabama is offline
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Join Date: Jan 2008
Location: Ragland Al
Posts: 15,139
Originally Posted by JB1 View Post
neither does a house or anything else then according to your logic.
A house or "realestate" in general is an asset that goes up in value, a truck or lawnmower is an asset that will almost alaways go down in value.

If you need to have a home mortgague it may or may not be better than paying rent. If you choose to borrow make darn sure its something you can easily afford and pay off in 7 to 10 years.

I used to leverage some realestate. I never borrowed on any deal that wasn't 60% instant equity. Even those deals are long term and its a real tough business. Cash is alaways better, it save a whole lot of money in fees as well as interest, and keep the properties 100% in your control.
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