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BrixBountyFarm š©
@brixbounty
I think thereās a basic narrative missed by folks discussing this 60% of net worth is a ābad investmentā. Personally think the reality is that you can live in this asset, itās appreciated so much that itās overweight in the investment basket, and if you want to avoid cap gains, itās best to roll them into the next house. We started paying a mortgage in 2014. There is zero chance we could afford a rental home in our community today that would fit our family, the 30 year fixed mortgage is what allowed us to settle in one place as we raise our kids (and farm). Not saying we should have promulgated real estate as an overvalued investment class. https://x.com/autismcapital/status/1900770128041832800?s=46&t=TVy9rDl3UkuxmVj4e18bOA
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Ryan
@ryanfmason
I think his point is not that it doesnāt make sense given current circumstances, itās that it would be preferable for it to not be the case. Not just for personal wealth reasons but also for cost of housing reasons. If thatās your biggest asset, you have to sell it to capitalize on it, and thatās where you live. Ideally youāre able to sell assets you donāt need to live in to get cash to retire.
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HH
@hamud
also easiest asset to be leveraged on. No ones lending you money to purchase a million dollars worth of stocks.
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Monteluna
@monteluna
I hope this housing market crashes, with no survivors. š
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Caygeon.degen.eth š©š°š
@caygeon
Yeah Iāve always found that arguement a bit strange too. It doesnāt take into account the cost of shelter each month. And it wouldnāt be pragmatic for many to re-mortgage down the road to invest elsewhere and rebalance your asset allocation.
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