>Message from Michael D.Burke on Aug 20 1996 11:53AM EST
Alice, But real estate is always a disaster when tax rates are lower, so now may be
a bad time to start a portfolio with everyone talking tax cuts. Also, the flat tax would
destroy it. MB
Thought you were a contrarian.
It would be unfair to take up space on a tech stock board with my reply to you. Suffice to say, how many people have you ever met that made their fortune, and I do mean fortune,i.e.millions, in the stock market? Yes they INVEST their millions, but that's not where they made it. If you understood business you would understand that you must have control. That is why the Warren Buffets, the Gabelli's.. those who have REALLY been successufl in the market, seek control in some fashion, of the stocks they have big positions in.
Real estate IS tax protected. IT IS ONLY A MATTER OF DEGREE.Nothing is going to change that. As far as I am concerned, taxes are very low in comparision to the 90% top bracket of former years.
(Real estate finance is a compicated field and not one that allows for cursory generalizations .It is certainly not for the neophyte investor.)
But being an active real estate investor requires work. There are no "free lunches." Starting a portfolio now"? Well, you probably have already done so. You own your abode, don't you?
Sorry, didn't mean to hog the tech board, but had to respond.
AG |
