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Old 03-09-2007, 07:54 PM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
Real estate has a lot of variables.

It really depends on what you buy. For example if you buy a house that is very good shape, in a good neighborhood and is at the top part of the market, you may get what you want, but it will be a while until you see much equity in the house. However, if you buy something that needs a little work and do the work yourself or find someone to do it for a reasonable price you can get instant equity in a house and it can be a good investment.

A lot of it depends on where the house is too. you can have a great house, but if it's in a shitty neighborhood it will hurt you. You can also have an average house in a very good neighborhood and it will increase in value and be a better investment than the great house in a bad area.
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