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re: Renting vs owning
Posted on 4/8/13 at 9:47 am to Siderophore
Posted on 4/8/13 at 9:47 am to Siderophore
You're leaving out the profit from resale. You can't do that renting. Of course, you have to be really good at judging trends.
I am in house No. 3. When I bought 1 and 2 I asked myself "what's gonna be a popular neighborhood in five or ten years?" I bought, lived in them five to ten years and sold at huge profits.
I'm gonna live in House 3 until I die. Already gave strict instructions to the wife to sell and get a condo. It will sell for 4 times what I paid for it.
I am in house No. 3. When I bought 1 and 2 I asked myself "what's gonna be a popular neighborhood in five or ten years?" I bought, lived in them five to ten years and sold at huge profits.
I'm gonna live in House 3 until I die. Already gave strict instructions to the wife to sell and get a condo. It will sell for 4 times what I paid for it.
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