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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63084  
Subject: Re: A 30-Year Investment? Date: 3/9/2011 6:31 PM
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Apartments have some advantages.

If you like shuffling feet on your ceiling, blasting music at 10pm at night, drunken parties spilling out into the common parking lot, not being able to find parking places.....get an apartment.

If you want a back yard, your own pool, nice privacy , your own garage, lots of storage, knowing your 'landlord' won't make you move by not renewing your lease..... don't rent.

I've had 3 houses. One I didn't do well on in central VA...made $6000 in 7 years on a $54,000 house. Company paid for all selling/buying costs. Cleared 6K after 7 years. Had five acres and nearest neighbor was 1/2 mile away. Nice.

Then I had townhouse. Bought for $132K in 1983. Sold it for $242K in 1990. COmpany paid all buying/selling costs and guaranteed sale.

Made out like a bandit. $110K profit in 7 years.

Bought house in TX. GOne up 30K on 200K house in 20 years. But it is private, with double garage, no neighbors on the ceiling or side walls or underneath me, no parties in the complex, etc. Still enjoy having my house. In 10 years, who knows?

If you want to rent around here, it's over a thousand a month for a decent place.

t.
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