QUOTE(shaniandras2787 @ May 29 2019, 10:42 AM)
That is what statistics over the history has shown us but Bobby has his own line of thoughts.
I believed he somewhat counters the argument with utility against depreciation - his assumption is that a car when bought generally enables you to earn income whereas a house just sits there and does nothing UNTIL you sell it and provided that it could be sold for the market price.
You spent most of the time using the car that enables you to generate income and you only use a small fraction of your time in a day utilizing the house which doesn't do anything for you therefore what you have is book value but you do not actually enjoy that "gain" in tangible forms.
At least that's what he proposes.
Then he's purposely twisting his logic to fit his world view. My 2 cents is, don't take financial advice from him.I believed he somewhat counters the argument with utility against depreciation - his assumption is that a car when bought generally enables you to earn income whereas a house just sits there and does nothing UNTIL you sell it and provided that it could be sold for the market price.
You spent most of the time using the car that enables you to generate income and you only use a small fraction of your time in a day utilizing the house which doesn't do anything for you therefore what you have is book value but you do not actually enjoy that "gain" in tangible forms.
At least that's what he proposes.
May 29 2019, 03:07 PM

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