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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tradelite who wrote (145269)1/22/2002 6:48:40 PM
From: Bid Buster  Read Replies (1) of 436258
 
excuse me but those houses bought in 1950 were worth about the same in 1960.
and $15,000 in 1950 is worth $110,000 today...now factor in mortgage costs, taxes, insurance and up keep for 50 years and you have a net loss.
sorry pal..but house ownership for an investment sucks.
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