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You know, when you pay rent you generally receive a place to sleep and keep your things. Just because you aren't making money on it as investment doesn't mean i
by princess3000 13y ago
You know, when you pay rent you generally receive a place to sleep and keep your things. Just because you aren't making money on it as investment doesn't mean it's a loss.
- chad_oliver 13y agoYes, but that's also true of purchasing a house. Just because the price might not appreciate over the long term doesn't mean it's a loss.
- skorgu 13y agoIt's a loss /as an investment/ if you can't sell it for more than you bought it for (modulo inflation). You still got value in the form of shelter for your expenditure in the form of a mortgage just as you would have if you had paid rent.