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Nesgroup address: misc.invest.real-estate - Date & Time for the message: /

Author of the message: Nona

Title of the message:
Re: general 'rule of thumb' for rental house/rental rate per month?

Text of the message:
On Thu, 21 Jul 2005 00:55:42 GMT, "Don" <dwzimm@telus.net> wrote:

>Congratulations. You are doing great. The worst real estate mistake my wife
>and I ever made was selling a property in the Bay Area (Berkeley) in 1997
>that we had bought in 1993. We have always done better with the ones we have
>held for many years. I guess for someone who buys and sells quickly a lot
>depends on timing and the temporary ups and downs in the market. But if you
>hold for a long time, whether in California or elsewhere, the blips in the
>prices get smoothed out. Fortunately we had the discipline to hold on to the
>condo (in Emeryville) for 15 years.
>

We've certainly made our mistake also earlier on.  Our first house was
purchased in 1976 for $40K in San Jose.  Wanted to purchase a home
with more land and closer to work so we made an offer on our current
home that was neglected by the previous owners, but was in very good



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