intensityjp

Had a few points to add... 1. As was mentioned before, certain expenditures are capitalized such as changing the roof, changing windows, remodeling the kitchen etc. 2. The 1960's condo that appreciates is also do probably largely in part because of the appreciation of the land and not the structure. The structure is indeed deteriorating over time. There's no way around that.

This article is quite relevant to this thread http://www.bloomberg.com/news/2014-05-28/to-make-killing-on-wall-street-start-meditating.html I thought the article was a little immature in its presentation of meditation but was an interesting read nonetheless I also wanted to share my experience with meditation. I sat my first Vipassana 10 day meditation course in 2008 and have had a daily practice (usually 2 hours/day) for the past 3 years as well as having completed three more 10 day courses. My capacity to focus, analyze and identify my biases and remain mentally balanced have all been beneficial my 'capital allocation' research and decisionmaking. The practice yields far more profound benefits than these and I recommend the course to anyone who is interested. You can find out more here: www.dhamma.org And for all you value investors, the course is 100% free for participants! No excuses. I have gotten so much from the members of this board and hopefully can pay you guys back by providing this seed of inspiration to attend the course and have a transformative life experience.