[Stewcam]

Originally Posted by truth411

that is why I said, looking at home ownership as soley a finacial investment is completely flawed.

Obviously if everyone thought like us we would not be in this financial crisis from the get rich quick "flip this house" craze. Looks like most people don't understand the math and can't determine that all you do is pay interest for the first third of a mortgage and you only get to write off your tax rate of that if you are lucky. Houses are good to live in but historically have been poor "cash on cash" return investments. Plus, as we have all said right now they have almost no liquidity.