It got worse, unfortunately houses were then treated like ATMs
In a message dated 11/26/2008 2:11:40 P.M. Pacific Standard Time,
[log in to unmask] writes:
Louis, I couldn't agree more...treating a house as an
investment...that's how this all started out...plus of course, with
the help of the banks.
Andy
Quoting Louis Hart <[log in to unmask]>:
> Ahne and Syed approach would have been good to follow in buying a
> house over the past few years: one could not have bought, and hence
> avoided the crash in prices and loss of everything.
>
> My limited information indicates that, over the past 100 years, a
> house does not, on average, qualify as an investment. Buying or
> renting, housing is an expense.
>
> Louis Hart
>
> -----Original Message-----
> From: TechNet [mailto:[log in to unmask]] On Behalf Of Upton, Shawn
> Sent: Wednesday, November 26, 2008 1:42 PM
> To: [log in to unmask]
> Subject: Re: [TN] A Modern Parable - car topic
>
> It's a great method, pay for it first, but really hard to do when buying
> a house. Save up $200k+ while renting at $1k+/month? Not so easy.
> Also hard to do for college, unless if ones parents want to dole out
> that kind of dough.
>
> Shawn Upton, KB1CKT
> Test Engineer
> Allegro MicroSystems, Inc
> [log in to unmask]
> 603.626.2429/fax: 603.641.5336
>
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