[quote=briansd1][quote=AN]I’ll let you in a little secret… I’ll be passing this house down to my kids.[/quote]
What does that have to do with the cost of purchase or owning the house?
Plenty of women overpay for jewelry that they pass-on to their kids. The kids never wear it except perhaps for the wedding.
Maybe the kids would rather have a fat trust fund. [/quote]
Maybe the point is that AN is not buying as an investment, per se. He’s buying shelter that can be passed onto future generations. If future generations don’t want it – they can sell.
Same can be said for overpriced jewelry – kids who inherit or are gifted the jewelry can sell it.
If the kids prefer a fat trust fund – good for them… But life doesn’t guarantee you a fat trust fund. Parents are free to spend their money as they see fit.
