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Re: Way OT: investments in 401K
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Posted by Kurt (mi) on August 01, 2004 at 09:42:42 from (64.136.26.228):
In Reply to: Re: Way OT: investments in 401K posted by wiseoldowl on August 01, 2004 at 04:40:08:
Your way is not bad, but I dont have the time to buy an older house fix it up and re sell it, besides you have to still figure in the time you put into fixing up, lets say you spend 600 hours on a place and sell it for $20K more than you bought it for, 20K / 600 hours = $33/hour, Plus you have to add in the headaches and being away from your family, and what if the neighborhood goes to *ell, stolen tools, 3months with the house on the market, unknowns of the house you buy like bad foundation to be replaced. I own a home now and I live in it and it appreciates in value.
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