Reply to: US raises interest rates - dollar strengthens

[NigelJK]

Quite a lot weaker.

So when is the thread title getting changed then?

[sasguru]

Often where there are hooks [for hanging hams] there are no hams.

HTH BIDI

I was right.

[DimPrawn]

Sorry don't speak Spanish. Pretty sure what you've posted isn't worth knowing anyway.

Often where there are hooks [for hanging hams] there are no hams.

HTH BIDI

[sasguru]

Muchas veces donde hay estacas no hay tocinos. x

Sorry don't speak Spanish. Pretty sure what you've posted isn't worth knowing anyway.

[clearedforlanding]

Ah my bad. You're a golden fool.

Muchas veces donde hay estacas no hay tocinos. x

[sasguru]

The "value in use" is the only economic value you can count on and that is measured by what a substitute home might cost in rent, for example. Otherwise, home ownership is an economic liability.

I am none of the above sas, thanks to good looks, a successful practical career, and being born with a silver spoon in my mouth.

Ah my bad. You're a golden fool.

[clearedforlanding]

You're obviously a singleton, a theoretician and destined to be poor.
You know the price of everything and the value of nothing.
A fool, in other words.

The "value in use" is the only economic value you can count on and that is measured by what a substitute home might cost in rent, for example. Otherwise, home ownership is an economic liability.

I am none of the above sas, thanks to good looks, a successful practical career, and being born with a silver spoon in my mouth.

[sasguru]

As per definition, An asset is something which generates a positive cashflow. I never consider a person's home an asset, or more appropriately, an investment. Sure, it is a significant amount of money and it can appreciate, however, you have no cash flow from it and in fact it is all expense (maintenance, tax etc.). Any appreciation is just on paper unless you sell it.

Even Rich Dad got this one right:

If you have a house, paid for or not, that you live in, then it can't be an asset. Instead of putting money in your pocket, it takes money out of your pocket. That is the simple definition of a liability. This is doubly true if you don't own your home yet.

You're obviously a singleton, a theoretician and destined to be poor.
You know the price of everything and the value of nothing.
A fool, in other words.

[clearedforlanding]

Having a roof over your head that no one can take away and that you don't have a monthly cost for isn't an asset? It already puts you in the top 10% of the world.

As per definition, An asset is something which generates a positive cashflow. I never consider a person's home an asset, or more appropriately, an investment. Sure, it is a significant amount of money and it can appreciate, however, you have no cash flow from it and in fact it is all expense (maintenance, tax etc.). Any appreciation is just on paper unless you sell it.

Even Rich Dad got this one right:

If you have a house, paid for or not, that you live in, then it can't be an asset. Instead of putting money in your pocket, it takes money out of your pocket. That is the simple definition of a liability. This is doubly true if you don't own your home yet.

[DimPrawn]

Having a roof over your head that no one can take away and that you don't have a monthly cost for isn't an asset? It already puts you in the top 10% of the world.

Have to agree on this one. You cannot even think of retiring without having a paid off house (or preferably 10).

[sasguru]

Because you need somewhere to live.

It is only an asset when you exit the market.

Having a roof over your head that no one can take away and that you don't have a monthly cost for isn't an asset? It already puts you in the top 10% of the world.

[DimPrawn]

Oh, how naive you are. It is all the more reason to be. A million isn't very much these days.

My ex-wife tells me that everytime she calls me for some more payments...

[clearedforlanding]

Bollux. Provided it's all paid for and not your main inveistment for retirement, it most definitely is an asset.

why wouldn't it be?

Because you need somewhere to live.

It is only an asset when you exit the market.

[sasguru]

I remember when I first started contracting and was told the only wise words I have ever really heard from a financial advisor: Do not count your main residence as an asset.

It is a shame how many people are oblivious to this.

Bollux. Provided it's all paid for and not your main inveistment for retirement, it most definitely is an asset.

why wouldn't it be?

[greenlake]