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.

Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (7250)	11/10/1997 5:20:00 PM
From: David R	Respond to of 10836

RE: Anyway, I must say, realty continues to make a good investment -- particularly, your principal residence, where you get good appreciation, tax deductible interest, and you would have been out of pocket for living expenses either way. And, in my new house, PITI that is less than AVG rent for a dump out here. That is key. As long as it is cheaper to own than rent, housing prices are not excessive. The toughest part about owning a house out here, is the down payment. What I have achieved, is a good down payment (25%). Also, we are buying a house for only $25K more tha the house we sold. We will have to invest $30K before we move in to get it fixed up. That is where I have done well. We did the same thing on our last house. Bought a dump in a good neighborhood, and did the work to make it nice. Now, we are buying a jewel in disrepair in a historic neighborhood with $1M homes. I guarantee you that as soon as we complete the first round of renovations, our house will have a mkt value well above $400K. Which will be inline with the similar houses onthe street that are in good condition. Which will givee us nearly 50% equity. I think that I do not have to worry about losing my shirt onthis one:-) Dallas is a great place, but remember, in California Land and water are in short supply, money is plentiful. This is not likely to change anytime soon.

To: i-node who wrote (7250)	11/10/1997 6:04:00 PM
From: David R	Read Replies (2) \| Respond to of 10836

Nice to see BORL closing at 10 7/8 today. I could use a few more points on the Jan 98 10's to pay for an interior paint job. :-) David

To: i-node who wrote (7250)	11/10/1997 11:02:00 PM
From: David W. Taylor	Read Replies (2) \| Respond to of 10836

Please, please.... Have your fun little Real Estate chat elsewhere! You are both correct. San Jose prices are currently justifiable, if you try hard and there was rampant Real Estate speculation in Texas. Next week the reverse could be equally true. There is clearly nothing special about either place that prevents a reverse in their respective fortunes. This is an investing board. The #1 thing to remember about ANY investment is how liquid it is. Right now there are buyers for just about any cheesy property in San Jose, not that yours necessarily was. That may not always be true. The exact same house in Southern California would be a problem to move. Frankly, the stock market is a better bet. Many more buyers, sellers and trades per day going on. Kill the Real Estate chatter and let's talk BORL!