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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (266526)11/10/2003 1:32:29 PM
From: Tommaso  Read Replies (1) of 436258
 
OT (if there is one). No chance I can ever recover the cost of my home renovations. Neither did the builders of the pyramids. Actually in one way I do consider it a speculation in commodities: all the replaced roofs are now going to be heavy copper and all gutters and downspouts, too. But the project is essentially a folly: not just preservation but what should have been done to start with in 1923. What makes it worth doing is the stonework on the exterior, which would cost probably $200,000 to duplicate nowadays. A large part of the expense is the main tile roof that has been totally lifted and reset.

So here I am spending $120,000 to renovate a house when what I paid for the entire house and two lots was $56,000. I guess this work could have been done back then for $30,000, but I think the $30,000 I did NOT spend then has grown to the $120,000 so it comes out even more or less.

Of course, I could also spend the same amount of money on a car if I tried hard. A boat would be easier. But the neighbors like it a lot because it does raise property values for the whole block. I usually find myself admiring other people's house improvements, while envying and resenting big spending on automobiles.
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