He just keeps putting money in that house. It’s just a money pit. He’ll never get his money back. It’s just an endless pit. Some day he will have to sell.
Have you ever heard those comments made? What is the speaker saying and why?
If money is used to improve a house to make it more convenient, functional, beautiful, practical, comfortable, efficient, and compatible with your personality, lifestyle, and reflective of your tastes, it is an investment in living. Is such an investment not of merit for the quality of living that you experience as a result of said investment?
Is the goal of life for your residence to live in it to the fullest or is it just to make money?
Food is another necessity for living. Is the money spend on food primarily expended on nutrition or on food and drink that we like and enjoy consuming?
The same concept can be applied to our residences.
What is your choice and position? Is your residence your place for living, experiencing life, your personal space in the universe, and your home base? Or is it just a place to exist as a financial investment?
If you only want a place to exist as a financial investment, have you ever considered purchasing rental property and living in the basement?
Food for thought.