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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (34547)7/29/2005 10:58:46 PM
From: Steve Lokness  Read Replies (3) of 116555
 
Tommaso;

I disagree.

To read your post, an investor could never ever lose money in real estate during the past 50 years. I think there are many people who have lost money who would disagree.

I sold a rental house in 1985 for the exact dollar amount that I paid for it in 1980 and that is after an addition was made to the original house. Some places perhaps have held steady - others have decreased and in some instances decreased substantially.

Good Investing;

steve
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