Purely due to luck, and a gentle nudge from my wife, I bought my house in 2006.
Why luck? Because since the time I’ve bought this property (and I thought it was expensive then), the capital appreciation has been almost 250%!
In short, my house has been my best investment till date. And this must be true for you as well.
In fact, I’ve rarely met anyone who has not made a profitable investment in a house. In other words, a house (at least, the first house) is the one good investment that almost everyone manages to make.
I’m sure there are exceptions, such as people who bought disputed properties or houses at super-inflated prices. But in more than 90% of the cases, a house will be a money-maker.
[Read more…] about Not Stocks, Your House is Your Best Investment