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Date:         Thu, 6 Jan 2005 07:30:38 -0800
Reply-To:     Shawn Wright <swright@ZUIKO.SLS.BC.CA>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Shawn Wright <swright@ZUIKO.SLS.BC.CA>
Subject:      Re: SYNCRO FOR SALE, BAD MOTOR, SEATTLE (NVC)
In-Reply-To:  <022f01c4f364$0937d670$1f08010a@NewHomeHub>
Content-type: text/plain; charset=US-ASCII


Been there... After making 20% on two houses in 2 years, we spent 10 years in the
next house, and finally sold 2 years ago for a 10% a loss over original purchase
price. Factor in inflation & interest, and we're still in the hole. Like anything else, real
estate can be good if you're prepared to play the game. Everyone else beware...


On 5 Jan 2005 at 13:20, John Connolly, Aircooled.Net <john@AIRCOOLED.NET> wrote:


> the grim reality that real-estate does not always go up is going to smack a
> lot of guys upside the head right quick. Be careful!
>
> John
>
>
>  The advantages of a house over a Westy:
>
>  Goes up $275K in value in 3 months...
>


--
Shawn Wright
I.T. Manager
Shawnigan Lake School
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