Hi seroberro, mate your man who you quoted at the start of this thread was sort of right in one way, he said " As I've written in Money Morning for the past four years, you need to think of housing as an expensive consumer item. Think of housing in the same way you think of buying a car, or buying an Ikea table, or a big-screen TV."
but unfourtunatly thats the only thing he got right. the actual building , be it bricks or other material isnt the reason why your house value increases.Its got nothing to do with it actually. It increases because there is an asset underpinning your house price that is finite and therefore will always be in demand. This asset if you havnt grasped the concept yet is the land underneath your house. So if you combine a finite asset like land , with the driver for why all consumable goods and services rise year on year, called inflation, you really should be able to see the trees for the forest.
