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I just realized why Wayne is whining. If he sold 2 years ago he just missed doubling his investment. That’s a lot to whine about, IE in CA probably $500K. I didn't see this appreciation in your calcs Wayne.
Any CA property that was worth 400k two years ago is now 800k or more.
Why the heck did you sell and not re-buy right away? If you are trying to time a bubble or bust, don't, no one has ever made out trying to beat market timing.
One really nice thing about a 30 year fixed mortage, its the same year after year. Rent keeps increasing, sometimes, by leaps and bounds. After 10 years there is simply no comparason, owning is the only way to go. Especially if you need a tax break.
Last edited by snowman; 05-08-2006 at 10:31 PM..
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