The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: AC Flyer who wrote (355)	8/28/2001 12:55:54 PM
From: JoanP	Read Replies (2) of 306849

AC Flyer... Actually I have owned RE since 1982. I borrowed $15,000.00 from my IRA for the down-payment and assumed an FHA mortgage. I am now in my 4th house and have approximately $250,000.00 equity in this house. If I hadn't bought when I did, I could not afford to be a homeowner today. My main reason for purchasing a house was the simple reason that I wanted a house paid for by the time I retired. At the time I bought, apartments had changed from 1 year leases to 6 month leases and were raising rents every six months. I could never get ahead! I have never regretted buying real estate. People who rent are simply throwing their money away and making their landlords rich.

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