JimH wrote:
wrote in message
ups.com...

JimH wrote:
wrote in message
oups.com...


DELTETED BY CHUCK:
First of all, the quality of your argument is diminished with your
childess
munipulation of the name of the city of Naples. It is Naples, not
Nipples.
Grow up Chuck.

Secondly, you have to look at the end result of the real estate
process.
Let us compare owning vs. renting.

Example (real life) I have $30,000:
EXAMPLE 1:

If purchasing a house: I buy a 4 bedroom house for $150,000,
putting
$30,000 down. I owe the bank $120,000 and I put nothing into the
house over
the years I own it other than the mortgage payment.

I then sell that house for $250,000, yielding $75,000 net after
commision,
payments to the bank and expenses. My initial investment was
$30,000. I
now have $75,000.

I then buy a house for $350,000, putting the entire $75,000 down.
I
owe the
bank $275,000 and I put nothing into the house over the years I
own
it other
than the mortgage payment.

I then sell that house for $450,000, yielding $133,000 net after
commision,
payments to the bank and expenses. My intial investment was
$30,000.
I now
have $133,000

I downsize and look back at that $150,000 starter home I once
owned.
It is
now selling for $300,000. I buy it, put down my $133,000 in down
payment and
thus owe the bank $167,000.

I eventually sell the house and move into a retirement community
(paid for
by my insurance). The house sells for $325,000. After expenses
and
commisions I net $155,000. My initial investment was $30,000.

I yielded a net profit of $125,000 on a $30,000 investment, *and*
I
had ZERO
living expenses over all those years.


EXAMPLE 2:

If renting a house/apartment: A $30,000 investment over 30 years
at
at 5%
rate of return would yield a return of $130,000.

With an average cost of rental housing over 30 years for a 4
bedroom
apartment @ $000/month (a very low average) of $180,000, I yield a
a
net
loss of -$50,000.

Compare to that the ownership scenario and realize almost a
$1000,000
return.

RESULTS:

A net profit of $100,000 to own.

A net loss of $50,000 to rent.

The difference....$150,000 over 30 years on a $30,000 ownership
investmet.

My scenarios were very conservative.

Real estate is not an investment? Bull****. You know
absolutely
nothing
about real estate Chuck.


***************

Funny, you would have thought I might have learned at least
something
after all these years.
I've bought and sold a total dozens of investment properties
since
the
early 70's, as well as several non investment primary
residences.
My
primary current income is from rents and royalties. Real estate
can
be
an *excellent* investment, but your personal house is not an
investment
property in the most accurate sense of the word.

Even if you could sell your left leg, that wouldn't make in an
"investment". You need it. Just like you need your house. If the
food
in your kitchen cupboards doubled in price, you wouldn't be any
richer
unless you could get by without eating. As soon as you sold your
"appreciated" food you would need to spend an equal amount to
replace
it.

Summing up: Real estate = investment. Primary residence=
housing
expense.

This is ever so typical.

a. You delete the majority of my reply.

b. You make up things and present them as facts, then surround
your
entire
argument around those made up *facts.

c. You delete sections of the post you respond to then twist the
facts as
they were originally presented.

Dispute the facts all you want Chuck. The facts show that you are
wrong.

BTW: Get over it, stop whining and move on.

At least he's not a proven liar like you, Jim. It's a damned shame
that
you and your two circle jerk buddies have resorted to the lowest of
the
low, in that you choose to knowingly post lies about other people,
in
order to bolster your pathetic egos.


Glad to see you survived your week in detox ok.

Yet another lie from JimH. The most prolific liar on usenet. Please
show what you know about me EVER being "in detox". What a good for
nothing ****ing liar you are.

How is your marijuana crop this year?

What "marijuana crop", Jim? Please show any evidence you have that I
have one. Another ****ing lie, from the ****ing liar. What a nasty
little piglet you are. By the way, my wife's doing fine, and she likes
to go fishing with me on my boat.