An Early Birthday Request

[allabout the $$$]

Before the collapse, these places were selling for 500K. Then they went as low as 320K and are climbing their way back. There is definitely not a guarantee there will be profit.

if you keep that house for 15-20 years there will be a profit and extra income as well. rent doesnt go down. your mortgage payments might. one bad downturn in the housing market doesnt make that the norm. my father bought his first house for 50000 in 1980( a long time ago) that house today is worth 800k he bought a house in 1986 for 200k and its now over 500k when the downturn in the market came his first house dipped to 650000 and the 2nd to about 390000. my properties went from 245000 to now 410000 and my 2nd one went from 270000 to 430000. i still have mortgage to pay on mine but i would say it was a sound investment. just like anything else you have to ride out the bad streaks

dont say i never gave you some good advice for an uneducated broke dikk fukk. make your $$$$ work for you.

stop telling people what you rent is it just makes you look like more of a jerk off. stop trying to impress people on a message board. do what you do and keep quiet about it. just a little more advice and trust me you need all the help you can get. you might be book smart there is a lot more to making it in this world than book smarts.

[PickWinnerAllDay]

if you keep that house for 15-20 years there will be a profit and extra income as well. rent doesnt go down. your mortgage payments might. one bad downturn in the housing market doesnt make that the norm. my father bought his first house for 50000 in 1980( a long time ago) that house today is worth 800k he bought a house in 1986 for 200k and its now over 500k when the downturn in the market came his first house dipped to 650000 and the 2nd to about 390000. my properties went from 245000 to now 410000 and my 2nd one went from 270000 to 430000. i still have mortgage to pay on mine but i would say it was a sound investment. just like anything else you have to ride out the bad streaks

I have other investments currently that are limiting my ability to buy right now. Simple as that. I expect that I will make more on those ventures than I would on a fluctuating housing market.

[allabout the $$$]

good luck on those investments.