Posted by Randy on April 27, 2006 at 23:55:33:
Right on the mark.
Lost of property value - Posted by Maria Hornung
Posted by Maria Hornung on April 14, 2006 at 20:05:51:
Has anyone of you bought property (house) and when you thought that it will appreciate by the time your balloon loan matures, you found out the opposite happened?
Thank you in advance for your responses.
Re: Lost of property value - Posted by dutch
Posted by dutch on April 18, 2006 at 11:50:38:
No, it has never happened, because I only purchase for cash flow, never for appreciation. If I get it, great, but if I don’t, so what.
If you purchase for appreciation, then you probably purchase lottery tickets and play the slots too, right? Not much difference, IMHO.
Dutch
Re: Lost of property value - Posted by John
Posted by John on April 14, 2006 at 21:52:34:
Sounds like you speculated on appreciation. Properties go up and down. Buy for cash flow and not appreciation. If appreciation occures it is icing on the cake but if not atleast you have a positive cash flowing investment. You make money when you buy
Re: Lost of property value - Posted by Randy
Posted by Randy on April 27, 2006 at 23:57:35:
I aggree.