Thanks for the excellent response, Mark. As I said earlier, I am i neither the "investment" nor "non-investment" camp. I think it is likely an investment, but I'm still reserving judgement. Actually I meant to focus my comments on whether it was appropriate to include a home in one's net-worth/financial planning (regardless of its "investment status"). I think I did a poor job of conveying that. Life insurance cash values also face a similar dilema. Sure it's fun to count the asset because it boosts your net worth, but what good is it for planning purposes? Most of the financial planning methods/software/ etc I have encountered include neither your home nor life insurance cash values into retirement planning if the client does not _intend_ to utilize that reasource.
Agreed, the wine is an investment. Again, how useful is it to be included in net worth for financial planning purposes if I'm going to drink it? Perhaps the fact that I could sell it, even if I intend otherwise, gives sufficient reason to include it. Perhaps it does not. I'm still unsure.
I'm not sure buying is always the right answer for every person at every time either. I think we agree largely agree and I muddied the waters by switching between "investment status" and "usefulness in planning".
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