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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Whitman who wrote (102844)5/17/2001 5:54:32 AM
From: Ilaine  Read Replies (1) of 436258
 
A lawyer I know handles real estate transactions for a very wealthy Sikh family, a family that's been wealthy for generations. They make good choices but their time frame for the payoff is many years, and they are content with that. They look on it as an investment for the children. Then again, they pay cash and can afford to pay the property taxes on a non-productive asset.

For the rest of us, the expression is "land-rich, cash-poor."
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