Quote:
Originally Posted by beemk
add up all your taxes, insurance, and interest and i bet you wont make much of a profit if any. and remember a house is only worth as much as people are willing to pay, not the state equalized value or what its appraised at.
|
Taxes, Insurance & Interest are pocket change compared to cash made annualy on appreciation. Not in USA though, real estate economic over there is ridiculous. It will crash within 5 years. People will have to sell way lower then their current market value with all the babyboomers retiring.