Been there... After making 20% on two houses in 2 years, we spent 10 years in the
next house, and finally sold 2 years ago for a 10% a loss over original purchase
price. Factor in inflation & interest, and we're still in the hole. Like anything else, real
estate can be good if you're prepared to play the game. Everyone else beware...

On 5 Jan 2005 at 13:20, John Connolly, Aircooled.Net <john@AIRCOOLED.NET> wrote:

> the grim reality that real-estate does not always go up is going to smack a
> lot of guys upside the head right quick. Be careful!
>
> John
>
>
>  The advantages of a house over a Westy:
>
>  Goes up $275K in value in 3 months...
>

--
Shawn Wright
I.T. Manager
Shawnigan Lake School