Originally posted by Carlton Ellis:
Originally posted by Christopher W.:
I would add control to this list. If I own a house, there are plenty of things I could do that would directly influence the value. I could paint, add a room, landscape, etc. If I own a stock, I'm completely at the mercy of the market as to what the value is.
I got news for you. You can landscape, paint and add a room to your heart's content. If you can't find a buyer for your house and the overall market for housing is declining the market is still dictating to a great extent what your property is worth.
I just noticed this response to my post. It is true that if I can't find a buyer then my house wouldn't sell. But my point is that if I did do some renovations, the house would still be worth more than if I did not do these things.
Even in a declining market my house would still sell for more with renovations than without. I still have some control over the value in real estate. I don't have that control in stocks.
