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Mutt · 07-24-2012, 08:26 PM

she's going to live in the house, she's young - a house for a young person is a good thing, it's a self forced investment/savings - as a short term investment it might look bad but in 10 years unless the economy is permanently fucked, which is a possibility, she'll come out ahead, hopefully well ahead.

in Canada at least, owning a home for estate planning purposes is essential, you can pass on your house to your beneficiaries without a dime of tax. leaving your kids a 400K home versus 400K in stocks/investment funds means saving them almost 200K in taxes.

i know there are parts of the USA where the real estate market looks bleak, Florida being one of them so maybe you'll be proven right.

07-24-2012, 08:26 PM
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	she's going to live in the house, she's young - a house for a young person is a good thing, it's a self forced investment/savings - as a short term investment it might look bad but in 10 years unless the economy is permanently fucked, which is a possibility, she'll come out ahead, hopefully well ahead. in Canada at least, owning a home for estate planning purposes is essential, you can pass on your house to your beneficiaries without a dime of tax. leaving your kids a 400K home versus 400K in stocks/investment funds means saving them almost 200K in taxes. i know there are parts of the USA where the real estate market looks bleak, Florida being one of them so maybe you'll be proven right. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly! Last edited by Mutt; 07-24-2012 at 08:30 PM..