when, on 15 February 2012 - 03:03 PM, said:
Ulitmatly most people on this site would like to own there home, youself included?
I dont understand what you trying to established if by one day you yourself will own a house you to will "no matter where you sit, you're looking at something you should be doing." ?
a home is only an asset, I wish to have assets in my life as they pay an income (imputed virtual rent if you own your own home), however a home is only one possible such asset
the long term real income of property is exactly the same as for other real investable assets owing to market arbitrage over the long term - do you know what the word 'arbitrage' means? I suggest you look it up.
So no, the smart don't necessarily want to own a home for its own sake, however they may well end up doing so if, as an asset with a yield, it makes sense
in numerate thinking man's terms it does not add up right now; however there other less quantifiable terms under which you may wish to be a homeowner, of course; an argument towards capital losses not being an issue if you have a big enough deposit does not wash, if you think about it, which you haven't