cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Congratulations CFB. You are a land speculator. And apparently a good one at that.
Really? Buying single family homes in rebounding, underpriced areas in a fast appreciating region, then fixing it up a little and selling them when the value is matured makes me a speculator?
Then why do so many homeowners buy in areas that havent appreciated faster than inflation (or worse) in the last 3-4 decades? Why do people buy condo's and 1 or 2 bedroom homes? Why do people pay $400k for a $150k house on a postage stamp sized lot just because the prices have gone up for 3 years...yet theres no infrastructure to support the price?I'll bet there are some home owners on this board who are also not idiots that have not made out as well as you.
In one house it was. In the rest, not particularly.Also it seems that the sweat equity is a strategic factor for you.
Be my guest.But I claim that I was lucky.
Not so humble here.But I am humble enough to know that it was not foresight but just a good dose of good luck and some inadvertant market timing.
And you dont have to!Maybe but I don't claim it was an investment strategy.
I already have. I've demonstrated the ability to make good investment decisions INCLUDING my primary residence as part of that. I dont feel some emotional need to disassociate my most expensive purchase from also being something I can make money on.Come on CFB. Be honest with yourself.
But I also dont hold it against anyone who doesnt feel the same way.
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