Quote:
Originally Posted by GigoloMason
Apparently, you missed the disclaimer that I was trying to simplify the example. Apparently you also missed the part where I said the only ADVANTAGE of buying vs renting is taking advantage of leverage. The assumption that you sheep keep making is that real estate always appreciates (more specifically appreciates at a rate greater than your interest rate). Apparently that's to much to wrap your head around.
Sure if we're all just going to make up numbers we can come up with examples that show one is better than the other both ways. I never said real estate is ALWAYS a bad choice relative to renting, I said the idea that it's ALWAYS better than renting is fucking retarded as it tends to go either depending on the region you live in.
|
Actually I was backing off what you were saying. But you are so insecure that you took it the other way and need to tell people how sheep or retarted they are. Way to go for Gigolocash or whatever is your program.
Success = location & timing. It's the same for real estate.
I'm not saying a standard home in USA will always appreciate. I would not touch your overhyped economy with a ten foot pole.
What I do know is that waterfrond and unique location properties, with a good initial deposit will always appreciate over the Bank's Interest Rate.
My friend did 833% in 3 years with a down payment of $30k selling at $250k three years ago. That is for real so I know exactly what leverage is, whatever how you define it. That's in Country X. Problem with american is that they think the world is USA. Too fucking bad.