Quote:
Originally posted by turbo6bar
You're 600+ years old? Damn, you're old. 
While you had a bad experience with real estate as an investment, I've had spectacular luck. Those data points and 25 cents will get you pretty much nowhere.
|
HOOT! Mistake edited...it's just that sometimes, 6 decades feels like six centuries.
Hey, I made a profit on that real estate..even after nearly two centur...er, decades of paying taxes, insurance, escrow & broker's fees, not to mention interest paid to the lender. So, overall, it wasn't a bad experience, just lengthy and tiresome. On the other hand, 109 % gain, made in 1999 alone, on my IRA, was fantastic. Especially since, on Cindy's advice, after she got naked, went out back, smeared herself with wood ashes, and then studied chicken entrails, we dumped our equities in January of 2000...not getting back in until March 11th of 2003. Long time in between, making only bond and money market interest. Hey, to each his own...me? Nevermore money into real estate other than the piece I live on. Contrary to what a real estate salesman will tell you, real estate values can, and will, fluctuate. It's only that the real estate up & down cycles last longer.