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Re: Re: Re: Re: Re: Re: Re: Fifty Year Ago Cost
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Posted by Kelly C on February 26, 2004 at 20:29:16 from (63.171.43.140):
In Reply to: Re: Re: Re: Re: Re: Re: Fifty Year Ago Cost posted by Hugh MacKay on February 26, 2004 at 00:39:19:
I do agree with you on this one. Low interest rates have not saved any one any money on land or houses.
All that happened was the price went up to eat your savings.
It still takes 2 people in the house working so one can pay for the house and one pays every thing else.
Now realators have gotten one heck of a pay increase over the last couple of years. They are the ones making out like bandits
Your still paying the same interest on the same house. In the amount of dollars total. Because you are paying double the price.
Example:
Purchased the house before this one for $68,000 at 9.5%
Rates hit 5.75% and we sold. The new owner payed $126,000
Our realator was real happy. Doubled her cash from the 1st time. I thought we did good to until I figured this new house that cost me $178,000 was purchased 5 years before for $85,000.
:-( Again the realator was real happy. She just got her 3rd new Caddy in 3 years.
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