"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
"Maxprop" wrote in message
nk.net...

"Capt. JG" wrote in message
...
Bzzt. Slightly more than 5%, and it's not a boat loan! My IRA return
is nearly double that. Real Estate (so far) is triple or better.

Please give me the name of the investment firm doing your
IRA--according to MONEY magazine, the best in the country are just
barely doing better than 6% yield. As for real estate, big money can
be made in your area, but only if you invested some time ago. I'm
betting that you don't have the means to invest in anything of
substance today, considering that just about anything bigger than a
postage stamp in the Bay Area goes for megabucks. If you have the
means to make those sorts of RE investments, you have the means to buy
your boats for cash. And that's my point--unless you can get a high
rate of return on investments you can afford--better than the interest
on your boat loan (or your home equity loan, if that makes you feel
better)--you're better off paying cash for the boat. From a strictly
financial basis, you're better off not buying a boat at all.

Well, I agree with your last statement, but I like to sail. It's a curse
really.

You're also making some assumptions that are not valid... e.g., where I
invest in RE.

Let me ask you this, Jon: if your home equity loans are so cheap and
your investments so damn productive, why haven't you maxed out your
home equity and invested it?????

Why do you think I haven't? (A rhetorical question)

You've already indicated that you haven't by stating that you either
have, or plan to, take a home equity loan to buy your boat.

Max

But what if I have more than one house? g

What if the moon is made of green cheese? :-p

Max