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|Subject: Re: intercst a Homeowner||Date: 10/18/2012 12:53 AM|
|Author: SeattlePioneer||Number: 45857 of 67185|
<<At the height of the housing bubble it was worth $145,000 and I had people leaving notes in my mail box begging me to sell.
Now it's worth ~$60,000. So glad it's still worth more than I paid for it...>>
People USUALLY ignore the most important part of home ownership when they are looking at home ownership as an investment. That's the value of the dwelling as a place to live, which may be similar to the rental value of the property.
So when calculating the investment value of the property, you need to consider the sales price less the purchase price, but also the rental value of the property less the expenses of maintaining the property while you occupied it.
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