Hey there it’s James. I’ve had this question pop up a lot recently.

Is my home a good investment?

And I think that is a very interesting question, I can only use my own life experience as a way of discussing this.

So, I am 48 years old, I have owned 3 homes and right now I am one for three as far as selling a home for more than I paid for it. Now that has to do with timing, some of that is location location location. Some of this is the stage of life I was in when I made these purchases.

Now when I look at my parents who are 69 and 70 years old, they have owned basically 4 homes and up until the last home they doubled their money on every single home.

Different time period, Different locations, Different experience.

So, when about using a home as an investment, am I going to make money on my home?

It’s not my primary focus.

We need a place to live.
It’s a place that should be a store of value, not necessarily something is going to increase over night, but it’s something this is an asset, that I am not exactly counting on as an investment.

We look at it in our investment plan.

We use it in our retirement plan in case we are going to downsize, but I think it is a safer thought to use your house as a store of value, not expect a huge appreciation and not think of it as an investment.

Quick thoughts with James. Thanks,