----- Original Message ----- From: "MB Software Solutions General Account" <[EMAIL PROTECTED]> To: "ProFox Email List" <profox@leafe.com> Sent: Thursday, December 04, 2008 11:15 AM Subject: Re: [OT] How to determine if a market has hit THE bottom.
> Nicholas Geti wrote: >> Not inflation but other indicies at the lenders choosing. >> http://en.wikipedia.org/wiki/Adjustable_rate_mortgage They did not exist >> when I bought my house 40 years ago. >> >> As an aside, I paid $44,500 for my house at that time. Last year it was >> evaluated at $650,000. I paid $257.00 per month fixed interest rate until >> the mortgage was paid off. So you can see what inflation has done to >> house >> prices. My income never grew at that same rate, however. Also I have >> spent >> an enormous amount maintaining my house and upgrading it. I do not >> consider >> it an investment; only a drain on my time and income. I am pretty sure >> that >> the house has been a net loss. > > > So if you had it to do over again, you'd rent instead of buy? > > Yes. And saved my money until I could live on the proceeds from investments then buy a house. But we were enamored of a owning a house when we were young and didn't think ahead. Owning a house consumes all of your free time. We rented an apartment in New York City for a couple of years while I got my MBA. It was quite nice. We walked home after work through Central Park, visited the museums and bought hot dogs or something from the street vendors. We could be home by 5:30 and have the whole evening to do what we wanted. _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
