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<p>[QUOTE="Clawcoins, post: 2914436, member: 77814"]Actually I consider "my" house an investment.</p><p>Though it does require maintenance expenditures. My monthly mortgage (including city property taxes) is HALF of what it would cost to Rent it .. as I used to rent it then I bought it.</p><p><br /></p><p>My house's property value has gone up $45k (comparison to other in the same neighborhood) since I bought it, and I'm 60% equity into it just 4 years after buying it. I should have it paid off in about more 7 years in my 30 yr mortgage. Ironically, the payment is fixed no matter the actual cost of a dollar at a low prime rate.</p><p><br /></p><p>Many people are not adept enough at paying down debt, nor at reviewing contracts and comparison shopping, or keeping their credit worthiness high enough to get the good deals.</p><p><br /></p><p>And Savings accounts are the same way, I have fee free savings accounts that range from 0.01% up to 1.25%. Those rates though pale in comparison from 25 years ago. And I do not consider Savings accts as an investments, just places to hold money until it pays debt or moves into an investment.</p><p><br /></p><p>But Silver seems to like $17ish/oz today.</p><p><img src="http://www.kitco.com/images/live/silver.gif?0.6408919802492621" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2914436, member: 77814"]Actually I consider "my" house an investment. Though it does require maintenance expenditures. My monthly mortgage (including city property taxes) is HALF of what it would cost to Rent it .. as I used to rent it then I bought it. My house's property value has gone up $45k (comparison to other in the same neighborhood) since I bought it, and I'm 60% equity into it just 4 years after buying it. I should have it paid off in about more 7 years in my 30 yr mortgage. Ironically, the payment is fixed no matter the actual cost of a dollar at a low prime rate. Many people are not adept enough at paying down debt, nor at reviewing contracts and comparison shopping, or keeping their credit worthiness high enough to get the good deals. And Savings accounts are the same way, I have fee free savings accounts that range from 0.01% up to 1.25%. Those rates though pale in comparison from 25 years ago. And I do not consider Savings accts as an investments, just places to hold money until it pays debt or moves into an investment. But Silver seems to like $17ish/oz today. [IMG]http://www.kitco.com/images/live/silver.gif?0.6408919802492621[/IMG][/QUOTE]
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