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Updated about 16 years ago,

Timothy W.'s profile image
Timothy W.'s profile image
Timothy W.
  • #3 Off Topic Contributor
  • Attorney
  • from Viera, FL
  • Member since Jan 6, 2008
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Timothy W.'s profile image
Timothy W.'s profile image
Timothy W.
  • #3 Off Topic Contributor
  • Attorney
  • from Viera, FL
  • Member since Jan 6, 2008
Connect
Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
1,569
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General Real Estate Investing

Your House - Investment or Doodad?

Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
Posted

I'm curious to see folk's philosophy on this. I consider my personal residence to be a doodad I live in. Yes, I bought it at about 20-30% fmv but regardless, it is a piece of real estate that garners no cashflow for me, thus no return, which is why I have always lived in my least performing asset while renting out the rest.... Then again, I have that freedom as an "unattached" guy and that ain't changing any time soon.

So, I'll put it to you. Your house. Investment or Doodad and why? What's your reasoning behind it? Any data to support your view?

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