tag:blogger.com,1999:blog-11719208.post876610411680785768..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The fundamental value of real estateTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11719208.post-21399856714733219372008-11-25T15:44:00.000-08:002008-11-25T15:44:00.000-08:00Tim, even an appreciation rate that is slightly ab...Tim, even an appreciation rate that is slightly above inflation would mean that housing as an asset is a good hedge. That's better than what bonds have been paying when you factor in the tax advantages and when you look at the "paying off the mortgage" portion of savings.<BR/><BR/>And yes, it is a home too. Can't say that about a lot of investment vehicles!Greyhairhttps://www.blogger.com/profile/05927522817378718823noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-86482065760770942762008-11-25T14:02:00.000-08:002008-11-25T14:02:00.000-08:00Put another way: a house is not a home. You can't...Put another way: a house is not a home. You can't buy a home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-70036997048389896622008-11-25T11:56:00.000-08:002008-11-25T11:56:00.000-08:00Don't be goin' all soft on us now Tim...... really...Don't be goin' all soft on us now Tim...... really......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-91776020093756048302008-11-25T11:47:00.000-08:002008-11-25T11:47:00.000-08:00I think the point here is that the "value" being d...I think the point here is that the "value" being discussed is not the "monetary value", but other forms of value.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-89946254190673326942008-11-25T11:41:00.000-08:002008-11-25T11:41:00.000-08:00You can rent a house and use it for shelter....Alo...You can rent a house and use it for shelter....<BR/><BR/>Along the lines of what Anthony said, the true value in real estate is the leverage you get, and the tax deductions. But that's only helpful in an appreciating market.Aaron Shechethttps://www.blogger.com/profile/13897560381286891581noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-37816148574575811942008-11-25T10:40:00.000-08:002008-11-25T10:40:00.000-08:00Value is a function of cash flow generation. No c...Value is a function of cash flow generation. No cash flow comes OUT of a house you've bought as a residence, unless you rent out the room above the garage.<BR/><BR/>Commercial real estate is another story.Anthony Alfidihttps://www.blogger.com/profile/11420163177787702821noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-23618339450877347392008-11-25T10:04:00.000-08:002008-11-25T10:04:00.000-08:00Your point is correct, unless you're like me and c...Your point is correct, unless you're like me and countless others who were forced into smaller homes or condos in less desirable neighborhoods due to bubble unaffordability. Instead of taking out an exotic loan, we bought less house. And so those parks aren't in my neighborhood, my yard isn't big enough to entertain, and a fireplace? please.Anonymousnoreply@blogger.com