UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
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 78916  
Subject: Re: A 30-Year Investment? Date: 3/9/2011 6:31 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Saul's Investing Discussions

Gilead Sciences CC Thoughts
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.