Quote:
Originally Posted by Alex from Montreal
Chances are you going to spend a fortune in renovation to make it to your liking (not all of these expenses will be recoverable) and maintenance; and when you do to sell it, it will be to buy an even more expensive house.
As far as I concern, a house is buying into a lifestyle and not an investment!
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Depends on how you define investment.
Robert Kiyosaki says assets produce cash flow. Strictly. It's safe to follow his definition, and consider a house as a place to live, that will hopefully appreciate.