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To: Terry Whitman who wrote (105826)6/1/2001 9:35:13 AM
From: Jack of All Trades  Read Replies (1) | Respond to of 436258
 
I agree with your reasoning on falling prices... My house bought in 90 after a fire, has not moved much relative to its assement in '91, only 20-25%. I hate having to pay for inflation on home gains, forces you to reinvest all the proceeds back into the next one...

I bought the land right, approx 2/3's the going rate in the area, and within 1/2 mile of boat launch and town beach on a small lake...