GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How is buying a house, a great investment?

Mutt · 03-10-2007, 02:46 AM

like somebody said above a house is a forced investment and that's good.
for the average person it's the only investment of that size they will ever be able to make. somebody making $75,000 can go to a bank and get a mortgage on a $250,000 house - go try going to the bank to borrow $200,000 to start a restaurant or retail store. and of course if you don't make the investment in a house you're going to be paying rent to somebody else.

i know so many of my friends whose parents were middle class people - just normal middle management jobs, good blue collar jobs, small businesses - now those parents are dying off. the family homes they bought in the 50's and 60's for 20-40,000 dollars 40 years later are several hundred thousand dollars, some close to a million dollars in the right neighborhoods. my best friend's parent bought theirs in the 60's for 40K and it's now worth at least 2 or 3 million - whoever buys it when my friend's mom dies or has to get out will knock it down for sure.

03-10-2007, 02:46 AM
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	like somebody said above a house is a forced investment and that's good. for the average person it's the only investment of that size they will ever be able to make. somebody making $75,000 can go to a bank and get a mortgage on a $250,000 house - go try going to the bank to borrow $200,000 to start a restaurant or retail store. and of course if you don't make the investment in a house you're going to be paying rent to somebody else. i know so many of my friends whose parents were middle class people - just normal middle management jobs, good blue collar jobs, small businesses - now those parents are dying off. the family homes they bought in the 50's and 60's for 20-40,000 dollars 40 years later are several hundred thousand dollars, some close to a million dollars in the right neighborhoods. my best friend's parent bought theirs in the 60's for 40K and it's now worth at least 2 or 3 million - whoever buys it when my friend's mom dies or has to get out will knock it down for sure. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!