longy said:

Most of us ahve made 100%+ in the last 10 years while you have made 0. even if it dropped 40% we'd still have 60% more than you.


You haven't really made anything until you sell it.

How do you know it won't sell for 50% less than what you paid for it, when the time comes to sell?

gold_medal wrote on Jan 4^th, 2013 at 3:59pm:


Longy,
You certainly have 3 major problems & probably more, BUT perhaps redeeming feature.

Your most significant problems are the 3 R's, Reading, wRighting & aRithmetic.

Reading
It's apparent that, you a very light on for reading, no doubt preferring your OWN THOUGHTS.

wRiting/wRighting
Your wRighting has 2 major issues -
1) Your spelling is terrible, to the point where it is sometimes difficult to understand what you are trying to say.
2) Your dribble is often Right of Tony Abbottabad & sometimes Right of Genghis Ghan.

aRithmetic
But, by far, Figures are definitely NOT you, BUT at least in some of your more lucid moments, you MAY nearly be aware of your short comings.

So, just to confirm, IF you start with a $1,000,000 house purchase & it goes up 100% in 10 years, that means you have a $1,000,000 profit and you averaged a 10% gain each year. That is an average, NOT compound, BUT neverthe less, a tidy return!

Now, IF at 10 years & 1 day, things turn ugly & you sell at a 40% to what you could have got yesterday, then you will sell for $1,200,00, thus giving you an effective profit of $200,000 over the 10 years & 1 day AND that is an average gain of a basic 2% each year. 

Of course, all of that is before Expenses, such as R/E Agents Commissions & interest on repayments, are considered, so you would be lucky to break even?

And, of course, your redeeming feature, is that your so likeable, as you treat everyone in a fair & friendly manner???

Ya'll have a nice day now, ya hear?

Longloser - haven't you seen the spell check tab when you type a message?

What a loser.

forgiven

and which bigger fool values the assets ??

and is that before or after a housing crash ??

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:


who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is worth more every year!

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:


who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is wroth more every year!

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:


Longweekend,
If some people has followed your insane financial advice they could have lost
as much as 40% of the capital value of their new home.

You live a life of fantasy where you can't ever lose.

forgiven

namaste

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:



I thought you said you mortgaged your house to buy a business. If that's the case, you hardly own it.

It's cheaper to rent than buy, and by saving the difference over the years, you could almost buy cash instead of paying all those many thousands in interest.

I wonder who thinks that house prices will double in the next seven years. Isn't that the RE mantra?