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To: AC Flyer who wrote (14133)	1/28/2002 5:54:29 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 74559

however, the leverage argument goes the other way as well. the difference between homeowners & hedgefund manglers is that the manglers are playing with OPM.

To: AC Flyer who wrote (14133)	1/28/2002 6:58:42 PM
From: LLCF	Read Replies (3) \| Respond to of 74559

Not to be argumentative, but: 1.) You're the jerk that sold his home no? 2.) You're not counting taxes, and expenses... FWIW this can EASILY eat up 10% [let along 5%] of the value of an ENTIRE APARTMENT COMPLEX which are much more efficient than an individual residence. 3.) Even if you make X% after all that on your home, you may still come out of pocket year after year to make your X% in the 20th year when you finally sell. PV may still be negative. 4.) 1-3 vs all your rants proves that I know a hell of alot about RE than you do. You're ongoing oversimplification of RE in posts to virtually all participants of this thread is getting long in the tooth. 5.) I bought RE out here at 1/2 replacement costs in the early 90's [Apartment and office], and let me tell you, the expenses turnover, taxes, and maintainance are harrowing... let along longer term stuff like roofs, HVAC, termites, etc. Tennants aren't owners, and they don't care. So, yes, I don't like to lose money year after year... you are correct. DAK