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Politics : PRESIDENT GEORGE W. BUSH
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To: MulhollandDrive who wrote (8497)11/4/1999 1:41:00 PM
From: Zoltan!  Read Replies (1) of 769670
 
I convinced a woman I know to sell her home. Her home was worth $900,000 and she was living alone. Her taxes were $8,000/yr and so the total expenses in keeping the place were about $15,000/yr.

I told her it was costing her about $70,000/yr to live there. She said "nonsense". I said the cost was at least that, since she could get at least $60k in income off the $900k. She never considered the opportunity cost.

So she sold the house and bought a waterfront home in Florida for $350,000. The rest generates plenty of income.
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