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Real Estate
Reply to "Isn't trading up going to end as folks are priced out?"
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[quote=Anonymous]The truth of the matter is that homes are terrible investments. Once you add in the rising costs for insurance, rising taxes, repairs, and maintenance, you're better off investing in the stock market instead. Americans have an ingrained mindset that they have to own, but the vast majority of the world often rents and are. Upgrading a whole bunch of times because you're bored of your home is stupid. What a waste of transaction fees and fees to the realtor. Upgrading is a concept invented and promulgated by the realtor industry.[/quote]
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