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Old 01-27-2012, 05:34 PM
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mr_clueless mr_clueless is offline
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Location: California
 
Join Date: Nov 2009
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Mein Auto: 2015 328i M-Sport
Quote:
Originally Posted by palermo22 View Post
Like any financial chart - snapshots give misleading information. While it's true that home prices have been on the decline for the past five years - if you spread that picture out to the past ten or twenty years - then the negative 29% pales in comparison to the gains that were made. A mortgage - as long as you are not over your head - is a worthwhile liability because it's attached to an asset that will continue to appreciate (most likely with inflation) over the long term (just as the stock market will - again, long term).
Just like the long-term appreciation over 20 years that we see here:
http://finance.yahoo.com/echarts?s=%...e=off;source=;
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2015 328i / M Sport / Alpine White / Coral Red / 4 DR / 6 MT / Rear Camera + PDC / Xenons / DHP / 2K+ Miles / Bought 10-30-2014
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