Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (97770)	11/10/2002 6:12:39 PM
From: Joan Osland Graffius	Respond to of 132070

Wayne, It has been my opinion if one does not want to sell the property they are currently living in a hedge against the property value would be a good idea. I have this problem with property one lives in - it not an investment - it is a life style. It does not generate income and constantly has costs as well is taxed and needs insurance. I don't know when you purchased your property that you are using for an investment. We had a fair amount of property during the 70's and 80's, sold in the 90's that were on depreciation schedules based on the tax laws prior to the 1987 fiasco. The economics with these investments can be interesting as there are long term capital gains and you can finance the sale. We are holding CD's for 10% interest. The people do not refi and I do not know why, but relationships get developed, they know you will not throw them out of the property if they miss a payment - of which we have never experienced. New York may be different than it is here in the boonies of Minnesota. <g>