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To: Bid Buster who wrote (145283)	1/22/2002 7:18:20 PM
From: reaper	Respond to of 436258

BB Its a great "investment" if you exclude all the money you put into the house; little things like bringing in the plumber or planting a new tree or bringing in a truck of stones to re-do the driveway. Frankly this whole discussion is getting stupid. In a NORMAL world, where there are market clearing prices, RENT would be approximately equal to the fully-loaded cost of BUYING a place, plus a rate of return on capital that the owner of the rental property is getting to compensate him for risk. So if you rent a place, you are risk averse and letting a real estate owner/speculator take that risk, and if you own it you are taking that risk. HISTORICALLY, it has paid to take that risk. Just like HISTORICALLY it has paid to take the risk in stocks. But at SOME POINT prices to BUY get too high, which is what most of us think and what TradeLite dis-agrees with. We've probably all had enough of this for now. We'll re-start the discussion when Fannie and Freddie are sub-$10 <g> Cheers