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RE: From my daughter's bedside: letting go of valueless
Love the analogy of the home and perceived profits! What makes the investment worst is not only is cash flow probably negative due to the interest paid but in most jurisdictions, you would pay tax for the gains calculated the way you mention!
the benefit of property is that it is real but then, so is a caravan :D
It is different if it is an investment property that is getting rented out of course as the renters will cover at least most of the entire cost. A million little payments erode a lot of the value.