04-21-2006, 05:53 AM
nn, you probably missed my "I never look at the value of my primary residence since it doesn't matter how much it is worth, I have to live somewhere. I don't look at real estate investments in a time frame either. Real estate values go up on the long run and you can lose money only if you have to sell within a certain time frame" post. I own my own house and I own several pieces of land that I build spec homes on. I don't have to sell them in any time frame, I sell them only if I can make money on them. Real estate investments beat the bank rate returns on the long run. I also own a piece of land that is the site of my future retirement home and even though its value went up tenfold since I bought it, I wouldn't sell it for any amount.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Edited by - John S. Rabi on 04/21/2006 11:15:10
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Edited by - John S. Rabi on 04/21/2006 11:15:10