"basskisser" wrote in message
ups.com...

NOYB wrote:
"P. Fritz" wrote in message
...

"NOYB" wrote in message
ink.net...

"Harry Krause" wrote in message
news NOYB wrote:

No they don't. They're using out-dated statistics. The
CNN/Money
magazine article is using 5 year old census data. The Collier
Clerk
of
Courts and the Collier County Appraiser's office use
up-to-the-minute
data. I already told you: I bought my house about 9 months
ago for
$825k. The man who I bought it from acquired it in 1997 for
$320k.


A fool and his money are soon parted...

That's a lot of money to live among the dead and dying...does
it
include a
double-decker burial plot above the water table?

I plan on getting cremated and dumped into the Gulf, with an
artificial
reef
named after me. The "NOYB Reef".



A bit levereged, eh?

Nope. A lot leveraged. I have an interest-only 5-year fixed at
4%
(for
80% of the purchase price), and a 2nd interest-only equity line
(for
15% of
the purchase price) at prime plus 1/4% . My business loan will
be
paid off
before the rate adjusts on the first mortgage, and that will
free up
$6500/mo (before taxes). At that point, I'll refinance the
first and
second
mortgages (and my school loan) into a 30 year conventional fixed

mortgage.
Thanks to appreciation, I'll still have 30-40% equity (or
better) in a
house
worth $1.2-1.5 million. Debt isn't a bad thing if it's managed
properly,
and you have good, steady cash flow.

especially considering the mortgage deduction from federal taxes,
and
Florida's bankruptcy laws WRT homestead.


;-)
In Florida, your home is your safest investment. The tax write-off
is a
bonus. I can write off the interest on the home loan, but not
interest on
my school loan. That just doesn't make sense.
Safest, and best return are two different things.


Not if you're talking about real estate in Naples.