Quote:
Originally Posted by finnbow
My point was that, in most metropolitan areas, if one deliberately buys a home so inexpensive that they can't itemize deductions, they bought too little house (or not in a nice enough neighborhood) to maximize capital appreciation potential. This assumes, of course, a steady income in a decent metro area.
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You can't maximize potential. People who maximize potential perceive their luxury cars and high-end home theatre systems as investments.
And my point still applies to your assumption in that I own a home in a nice Dallas neighborhood and the people I know , e.g. my former GAO colleagues, have steady jobs. Your argument is that of a real estate agent.
