Fritzo
Lifer
- Jan 3, 2001
- 41,892
- 2,135
- 126
We started out like that. We bought a fixer-upper in 1994 for $37000 (it was a steal- it was abandoned for 2 years in a nice neighborhood). We fixed it up, put on siding and new windows, and lived there for 12 years. We sold it for about $90K, and used the profit to buy a $200K house in the 'burbs.
Housing used to be a great investment, and probably will be again some day. You'll lose your shirt if you buy now though.
Housing used to be a great investment, and probably will be again some day. You'll lose your shirt if you buy now though.