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To: Dan3 who wrote (34067)	11/6/1999 7:59:00 PM
From: unclewest	Read Replies (1) \| Respond to of 93625

Thanks for your kind words. I just have one house to rent out, I think that the typical management fee (isn't it at least 10%? have you held real estate this way?) would turn cash flow after costs negative (though I suppose with tax benefits and equity building, I'd still be pretty far ahead). i have done very very well with rental property over the years, but only in times of high inflation. rental property is a dog in low inflation...values do not increase and rents are stagnant. since accelerated depreciation has been thrown out, and total depreciation deductions have been limited, and the alternative minimum tax law changes came in, rentals do not make sense on a low level unless they are real cash cows. inflation is well in hand. i sold all of mine several years ago. if inflation kicks back up i'll consider getting back in, but why put up with all the hassles now for no profit? btw dan...my comment, that you have an issue with, was directed to "to all the shorts who have populated this board spreading vicious lies and rumors". i thought that was pretty specific and defining. those who decide that the shoe fits are welcome to wear it. unclewest