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Real estate does not always go up. It goes up, and it goes down.
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I do consider resale value when I am looking at a property, but I have other criteria much higher on the list.

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for my personal residence, I do not consider it an investment because its primary purpose is to provide me with housing.


These statements tell me that while you do not choose your home as an investment FIRST, home second, you do view it as an investment, even if that is not your primary motivation in purchasing it. You are aware of resale, that it may gain or lose value. That fits in with the definition of investment.

IP
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