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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Buying a Home Date: 9/27/1998 10:21 AM
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Cardinal1922 wrote:

I would be very interested to get opinions on having a home designed and built, which is what I am planning to do. It seems it is more cost-effective than buying re-sale, and I don't have to find someone else's old pennys in the corner of the carpet. Any ideas? In your experience, is building a new LOG CABIN a better investment (I hear they hold their value better) than a regular home. In case you're wondering, I'm moving to North Carolina -- not Brooklyn --- so a log cabin won't be so strange.

IMHO you'll get a far better answer to this question by posting it in the Buying a Home folder of the Managing Your Finances area. To get there, just click the word "Folders" at the top or bottom of any message screen.

Also IMHO, I believe it's unFoolish to consider a home as an "investment." While the largest purchase most of us will ever make, homes over the long haul are lucky to stay even with inflation. Yes, it's an asset and a large one. However, it's highly illiquid and profits are tough to get at short of borrowing or sale. If sold, we then face the problem of replacement. For those reasons, I consider a home nothing more than an ultimate (but not the first by a long shot) source of cash.

Regards….Pixy
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