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Over the years I've netted some profit on real estate transactions. I've also lost money. These are for my primary residence. I'd never try to use real estate as an investment tool, expecting meaningful gains on a regular basis. I consider owning a home as being better than the alternative of renting. After paying for principal, interest, taxes, insurance, utilities and maintenance at least I have substantial equity in my house. If I had rented something comparable all these years I'd just have a stack of rent receipts.
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