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Originally Posted by randallscott35
Houses are a depreciating asset. Always have been. They are a place to live, not an investment.
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This isnt true over the long haul. Over the course of time, real estate is at very least an excellent hedge against inflation.
A piece of real estate bought in New York City 10,20, 0r 30 years ago is worth more today than it was then regardless of the fact that we are in a mini depression.
Real estate is local. Real estate is local. real estate is local.