Originally Posted by Lt.
"A boat is a hole in the water that you throw money into"
Does this saying have any basis in reality?
Depends what you mean by reality.
Most of us trade
time for money. After we have the money we trade
that for something else.
A house (to me) is a big barn you throw money into. Somehow we got convinced it is the big "life" investment. I found that I had too much house - we all buy too big - and the maintenance
costs made me a slave to it. I reckon I made 2% per year on this "investment" before maintenance costs and tax "advantages" - I live in a (relatively) cheap
apartment now with a lot more disposable income
Marriage is another one - but I won't go into that rant...
I like - "If it flies, floats or f&^#!cates, it is cheaper to rent it."
That's pretty true. Ownership
is more expensive but it comes with exclusivity of use. I found that true on the first two items. Not so much with the third but then I'd be back on the marriage rant - LOL...