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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (28212)3/9/2005 3:57:12 PM
From: shades  Read Replies (1) | Respond to of 110194
 
Yes, absolutely, she doesn't live in it, she lives in an RV, the house is rented out for 800 a month, after taxes 2K and insurance 1K and repairs (new roof needed soon) she is paying out a lot. It is in west palm beach, a bubble market by most accounts - she was offered 165K last year, 250K this year. I think an everbank cd in new zealand or some other currency CD would be a great place for her to put the money. If the dollar goes up or if west palm beach housing keeps going up she is going to disown me as a son if I convince her to do this, but I don't think those 2 things will happen. Her tax man keeps assuring her west palm beach real estate will never go down and to sell would be very foolish.