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Subject:  Re: Smart idea or Not? Date:  7/17/2012  5:36 PM
Author:  gdett2 Number:  70860 of 78168


On property that you did not do well, was that improved property or bare land?

Having moved a number of times and not having a big choice in choosing the timing, our homes have bounced between a near-double in 5 years and break-even in about 4 1/2 years. The worst for selling/buying was 1979 because of interest pressure. 1984 was the easiest buy/sell. These were our homes though, not investment property.

I do not consider a home to live in as an investment. Most people buy a home for their personal needs, tastes and price point. They do not normally look at them realistically as an investment. Personal needs and tastes introduce lots of emotion into the purchase. An investment must