tag:blogger.com,1999:blog-5465015914589377788.post3350174302017408204..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: My House vs. My StocksMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-59320953463420888142018-10-11T17:03:52.990-04:002018-10-11T17:03:52.990-04:00@Anonymous: I agree that it doesn't make sense...@Anonymous: I agree that it doesn't make sense to over-invest in your home. The way I look at it, my home is an expense. I own one because I want one, the same way I own cars, computers, clothing or anything else. I bought the house I wanted to live in. I didn't buy a house as an investment.<br /><br />I didn't take taxes into account in the article. Most people don't have reason to pay taxes on their investments because they can't use all their RRSP and TFSA room. (Note that despite what people think, growth in RRSPs is tax-free when you properly take into account the inflated amount you can contribute due to the near immediate tax break.)Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-91488461423700522012018-10-11T16:43:32.002-04:002018-10-11T16:43:32.002-04:00You could add that it's also a reason not to o...You could add that it's also a reason not to over-invest in your home. I have a modest condo, and sometimes wonder if I should take go for a larger, more luxurious, better located (ie, more expensive) condo instead, this kind of analysis tells me I'm better off staying put and investing the cash that would go to a larger mortgage.<br />Did you take taxes into account ? Specifically, the fact that principal dwellings are exempt whereas non-registered savings aren't ? How could we add this to our calculations ?Anonymousnoreply@blogger.com