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Why do people say real estate is a good investment but how about interest, property taxes and maintenance?

Posted on Thursday 9 April 2009

Yeah09 asked:


I’m in my early 20s and it’s not like i need a house @ this point in my life. I read and article and it stated that it will take a very long time for realty to recover. i am thinking of getting a combo because you have to think about it you have to pay for property taxes. that will absolutely kill you and if you don’t have a family living in the house why do you need a big house? i can understand if your real rich bec. then what are you going to do with it.

it might not even be in my lifetime until it recovers. you have to figure in property TAXES. are you really gaining money after you figured that out!?? and you have to also consider BILLS. HOUSE bills will be larger than apartment bills!
You have to think about yard work. that’s 20/week.

how many people can pay their house in one payment? lol rock stars, actors, ceo’s, doctors, lawyers? lol

i mean INTEREST in your mortgage is a killer

0 seconds ago
also consider INFLATION
the dollar is not going to be worth the same 20 years from now if you do decide to sell it
no many people buy it as an investment!!! your stupid
you won’t be making a profit in most cases in real estate nowadays

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