Property Pricing in your area - gone up or down?

[videogamesrock]

Because we cannot predict the future we have to work with the facts. Your home every month generates a cost and not cash flow. We cannot rely that it will one day go up in value. When you do your monthly budget your mortgage goes under the liability column. Now the argument is a mortgage is fixed vs rent that goes up it is true. But this simply guarantees you a fixed (cheaper) liability over time. It is still an expense an therefore still a liability. Your liability will go down over time, but it's still a liability.

Lets ta look at when you sell your house. You made a $100,000 profit, well so did all of the other homes around you. Your net benefit becomes zero unless you downgrade or move to another market. Until that home generates cash flow it get categorized in your monthly budget under the liability column. Your home, car, boat unless any are rented out are liabilities.