Quote:
Originally Posted by EvoFire
It's a fallacy, most people do not sell them so the equity is just a myth.
|
Just because something is not for sale does not make equity a myth. Your house isn't for sale today, is the equity you have in your house a myth? Of course not. You could say that the equity in your Rolex can't be accessed if you don't sell it, but it's not a myth.
In fact - while a Rolex is not a very good investment, it is a far better choice than a car or a diamond if that helps anybody sleep better. If a couple was financially astute, they'd buy the wife a cheaper engagement ring and the husband a better gold watch... that sure sounds like an easy sell!
-Mark