Quote:
Originally posted by Danny_Ocean 12/06/06
"It's not what you buy, it's what you hold...."
Some rich guy gave me that advice. I'm sticking with it. Unless you're next to Love Canal, real estate generally appreciates over long periods of time, just like the stock market or most other commodoties.
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then six weeks later . . .
Quote:
Originally posted by Danny_Ocean 12/06/06
Here's a couple of recent articles for you Jim. Not sure if they'll help, but should give you an idea of what's going on here. My advice...stop the bleeding. Unless you're willing to stay the course for 10 ~ 15 yrs., cut the price drastically and dump it.
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that's how the market as a whole shifts paradigms, too, and why it ALWAYS cycles up and down.