glad to hear your in a different job area, food
and retail suck .
your right if you buy property its a long term
deal for income , i was thinking of fliping my trashed house which has about 18k profit but you pay commission and if under 6 months more taxes
now long term take san francisco bought for 21k in 1966 or so sold in 2005 for 663k
or lake tahoe bought in 1987 for 84k sold in 2005 for 416k whats funny is both houses were 900 sq ft, and live in both until moved and rented
in market ive only lost big time to the tune of 1/4 mil, got screwed in the 1990 bubble , got to gready, new it was wrong and over priced , now been selling my remaining stock as they show proft , only hold ba,t,cme, fwlt
osk, all under water, made some profit in c,f ,
and bac , but sold to early taking about 1k profit in each , screw it rather take the 9 1/2 percent in real estate , these houses are all 4 to 5 years old and no one has even called for a problem in the year since I started buying.bought 4 and will buy 2 more.
where are you at ???? if I remember az got lot a forclosuars there .oscar
ps oscar died when I was posting on say board 7 years ago he was a special cat never seen another like him