Real Estate investment is totally dependant on circumstances out of our
control. My daughter's partner has been into property investment for
years. He never buys ordinary houses as they are vulnerable to losses
and have smaller profits. He has an eye for where areas are going to
take off. His idea of profit is to buy at 1 million dollars and sell at
1.5+. If he can't sell in a hurry he uses companies that specialise in
executive rentals. There is always someone, especially from overseas,
that want to live in a million dollar property overlooking Sydney
Harbour. All the owner has to do is provide linen (all white) and the
furniture. Executive rentals have always filled that gap for him between
buying and selling.

"Storrmmee" > wrote in message
...
> i don't care if you bought it new and cheap and it is now worth three
> times what you paid... an investment is something that provides
> ongoing income a house is not, it is a place you pay rent to yourself
> for the priviiligde of living there, nothing more or less, most houses
> get sold under stress, a fact that people don't pyay attention to
> often, your job changes, you retire or one of you becomes disabled to
> the point you must sell or lose everything, there are very few imho
> sales that are on the terms of the seller... bless those who can...
> one of the best explainations i ever read was that richdad/poor dad
> guys explaination of what an investment is... it was funny when we
> read it, the dh is reading, and i busted out laughing... he says whats
> funny... i said, are you getting royalties or what. Lee
> "Julie Bove" > wrote in message
> ...
>>
>> "Storrmmee" > wrote in message
>> ...
>>>i meant exactly what i said, focus is you make it a home and you
>>>think it is an investment... i just had a very modest home burn we
>>>paid 35k for that one, the replacement should end up being around
>>>150k and is a bit smaller..
>>>
>>> as to the difference in focus, a house is a place to sleep and get
>>> clean and store stuff... my home is wherever dh happens to be and
>>> has no relation to a particular structure/location... housing is not
>>> an investment to me, it only costs money, the only thing we consider
>>> investments are things that generate income. IE
>>>
>>> just as i said a difference in focus, please don't take offense at a
>>> perceived judgement that did not occur... Lee
>>
>> I don't consider our house an investment either. We bought it so
>> late in life. We bought it when the price was high. Not the highest
>> but close to it. And now the price is worth less than what we paid.
>> Houses are just not selling in this neighborhood any more. Yes the
>> new houses are selling. But not the older ones.
>>
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