On Fri, 18 Apr 2008, Dan Birchall wrote:
> okamuraj005@hawaii. (Jerry Okamura) wrote:
>> ...it is "gambling", if you are buying your home in
>> the hopes that the purchase will appreciate in
>> value.
>
> All "investments" are "gambling" by this definition.
> Not that I disagree with it, mind you. :)
>
> I guess I should be glad that I bought a small, cheap
> home so I'd have somewhere to live in and call my
> own, not so I'd have something to re-sell.
Jerry doesn't buy that-- ie that people buy homes other
than wanting to resell them. If he did, then he would
have to admit that homeowners deserve consumer
protection and a bailout for making bad decisions from
shyster lending companies. He's just stated that two
times in this thread, and can't conceive of any other
reason for buying a house. In that sense, he's out of
touch.