Re: Owning a house.
[ QUOTE ]
regarding leveraging, my current house i used about $8,000 and bought the house under market value for $125,000. in four years it has done exceptionally well due to various market conditions and i expect to sell it for around $250,000 this summer. after broker fees i expect to net a bit over $100,000. not bad for an $8,000 purchase four years ago.
you may not like the occasional headaches that go along w/ owning but it's hard to argue w/ the numbers.
[/ QUOTE ]
You are posting incredibly short term results where the real estate market has done abnormally well. This is not even remotely typically and I'm actually pretty surprised that so many people think this way in this forum.
|