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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Texirish   😊 😞
Number: of 21939 
Subject: Re: OT-top 1% Net Worth
Date: 06/08/24 6:51 PM
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It might be a good idea to own a home for other reasons, but not as an investment.

Yes!! Like having a place to raise the kids, ensure your school system, develop neighborhood friends, and add some important stability for the children.

Like many of you, I've known kids that turned out perfectly well with housing that changed often. It happens in the military, it also happens with fast rising executives. But I've also seen the impact on some kids. Serious impacts with drugs and behavioral problems.

We had one home where our daughter grew up and went to school. We had moved several times with Exxon prior to that. But I said no more transfers until she finished high school. They kept me on anyway.

Later I helped her and son-in-law build a nice home in a neighborhood with an excellent school system where our two granddaughters grew up. They knew all the local kids, the names of the family dogs, and helped babysit the next generation behind them.

Both generations had stay-at-home moms during their early and school years. We also had many kids our daughter brought home from single parent families that needed a brief refuge.

It's not all about money. At least for me. But I'm pretty old fashioned I know.

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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