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: patron_anejo_por_favor who wrote (536)	8/29/2001 5:36:27 PM
From: Joan Osland Graffius	Read Replies (2) of 306849

patron, Anyone who thinks buying a house to live in is an investment has not passed 4th grade mathematics. Buying a house to live in is an ego trip. If you do the math buying the building with a 30 year loan ends up paying around 2x'a for the house. A little bit of help from the government helps. But, if one looks at the cost of maintenance over this 30 year period you are lucky if you spend less that the purchase price. Now some folks could get smart and sell during the 30 years for a profit and move into a rental unit until prices go down dramatically, but I don't think very many folks to this. We have lived in our house for over 30 years and we have spent over the purchase price for normal maintenance. Joan

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