Quote:
Originally Posted by Gnus
My dad bought his place in 1965 for $5000 and in the 70's he spent roughly $25,000 to remodeling it and since then he's probably spent around $20,000 in upgrades and what not. Today he could get roughly $200,000 for the same property which he has lived in for over 40 years.
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That's is barely a 10% in annual return, and I didn't even consider the $45,000 he spent in renovation, nor the annual taxes, insurance and maintenance cost he spent throughout the years. If I where to had these expenses, his return would be alot less. He could have easily gotten that 10% return in stocks without paying all those expenses....