ST Alpha - "Long term you're going to make a lot of money on the appreciation of your apartment. Prices are very low compared to the levels prior to the melt " (Reading a Post)

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In response to "Maybe you're better off renting for now. " by Krusty

Long term you're going to make a lot of money on the appreciation of your apartment. Prices are very low compared to the levels prior to the melt

Posted by jnine (aka jnine) Jun 17 '09, 09:34

down, although they may go lower still if interest rates continue to rise and no one can afford to buy. I rented out my house for the first 8 years I owned it. It was older and needed a lot of improvements I couldn't afford if I lived in it, but as a rental I wrote them all off. I would have continued renting it out and improving it if I didn't get evicted so the owner's daughter could have my apartment.

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I agree it's a great time to buy but he's not finiding anything he likes and the frustration is getting to him. - Krusty Jun 17, 09:42 2
- I was extremely upset. I doubt I would have ever moved into my house if it hadn't happened. I was in the back on a canyon with the pool to the side. - jnine Jun 17, 09:48 1
  - The canyon place sounds sweet, sorry you lost it. :-( -- nm - Krusty Jun 17, 10:07

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Long term you're going to make a lot of money on the appreciation of your apartment. Prices are very low compared to the levels prior to the melt

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