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Message: Re: Ed Steer

Sep 19, 2010 01:27PM

Sep 19, 2010 06:02PM
3
Sep 19, 2010 07:23PM

why would tangibles like realestate not be considered as "safe" as things like gold??

I agree that land is also a tangible assett and debt free property should be IMHO a must for all. However because it is hard to take with you or hide from the tax man, it becomes an anchor that could make it impossible for a land owner to escape future taxation. Ideally I suppose, if one is inclined to wear a tinfoil hat, you would own land away from the city and perhaps rent or own a condo in the city. My home will always be my main investment because I need a place to live, and I don,t care what the value is as it is always relative to the value of all the other real estate. If I need to sell my home and move, the price of my next home will be valued in the same market. I think what I mean is, do not buy a house bigger than you need or can afford.

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Sep 19, 2010 10:30PM
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