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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 29 Apr 2005 06:55:02 -0700 /

Author of the message: "tech70a"

Title of the message:
Re: hi

Text of the message:
I can lose money between my room and the soda machine 2 rooms down.
Losing money is a lot easier than making it, if you haven't figured
that out yet :)
If a person could buy a house at a reasonable price, never make a late
payment, keep it in the same condition that it is when it's bought
-chances are high that the buyer can later sell it for about the
original purchase price.  So you'll probably never recover the money
that was spent on maintenance, interest, taxes, etc.  Of course
property values fluxuate, so you never can be certain.
Take into consideration all of the costs associated with buying - the
repair bills, taxes, etc - the local codes, the neighborhood...  and my
list could go on and on.  If you haven't figured out the financial end
yet, then "keep renting" is a good reply.  
What a silly question.
Ryan
.



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