03-10-2004, 10:29 AM
|
|
|
Ryde or Die
Industry Role:
Join Date: Dec 2002
Location: California-Shanghai
Posts: 19,568
|
Quote:
Originally posted by Alex from Montreal
Lets take the example earlier mentioned and say you purchased a $200,000 residential property with a $40,000 cash down and and resold at $280,000 a few years later. What alot of people will tell you is that they made a 100% return on their investment (ROI).
But they tend forget the commission they paid for selling the property, the interest paid on the mortgage, the property taxes, insurance, maintenance and repairs, closing costs, etc.
In the long term, stocks beat real estate. But people prefer real estate because they can see it , touch it and have more direct control over it...
|
Last time I checked, historically real state has had the highest returns. |
|
|