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anyone here into real estate?

PostPosted: Mon Mar 08, 2004 8:16 am
by UALOneKPlus
I spent all weekend looking for a new home to buy.

A property that a partner and I purchased 5 years ago is nearly worth double the initial purchase price.

I thought it was pretty insane, but I went to a bunch of open homes near my area, and the asking price for the homes that are not as good as the property we bought are crazy!!!

I can't believe that just by sitting on that property, we'd enjoy 100% appreciation in a short of a time as 5 years. This means the house paid for itself over that time period! :o

PostPosted: Mon Mar 08, 2004 9:00 am
by Ian
Yep, real estate is a very good investment. The value of the house my wife and I bought went up $20,000 in the first year.