If I sold my house now I'd see a profit versus what I bought it for, but to buy an identical house (size, location, age, etc) I would have to pay more than the sale of my current one. So my net result might be negative if I chose to sell and buy something else.
Which was my thought regarding considering your primary residence an "investment". If I had other parcels, of course I'd consider those investments since I can sell them and still retain a roof over my head.
Yes, I consider my primary residence as an investment as well... with every purchase, I have always gone a little over my head in down market... For what I have purchased my current home for and what I could sell it for is... well.... With this house, they're carrying me out feet first.. I am done buying, rehabbing, and moving...
By the way it is not a profit or revenue... it is a capital gain... it has to do with how the IRS considers the income and taxes it... Unless of course your in the "house flipping business."
