The article came out week of March 12 - 14th
2007-03-17 06:12:13 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
what's your question?
I read the article too; made a lot of sense. If one buys a house to live in, one should look at it as shelter and enjoy it, rather than as an investment.
If you run the #'s, figuring opportunity cost for the $ you are sinking into house vs. maybe paying less for rent, and letting your landlord worry about maintenance etc., it may well be that you could come out ahead by renting.
Now, if I would have had the sense to buy in California about 20 years ago.....I would be able to sell now and have a nice nest egg! hindsight is always 20/20....
2007-03-17 06:23:28 · answer #1 · answered by silentnonrev 7 · 0⤊ 0⤋
We purchased a new home. Had improvements, new kitchen with dishwasher, garbage disposal etc. Added on a 18'by18' building. Yet, the house sold for 42,000 thur a federal agency and I only got 7 grand. I lost money. A house only appreciates in value if it belongs to a star.
2007-03-17 13:17:35 · answer #2 · answered by dtwladyhawk 6 · 0⤊ 0⤋