Quote:
|
Originally Posted by Agamemnon
Property renovations increase a property's worth. You think its wrong to borrow 5k, renovate, adding 15-20k value to your property?
Do you think 'easy money' doesn't exist? You think 5% is a 'good return'? If so, you are really, really not looking hard enough.
Nuts.
|
Don't put words in my mouth. I never said that 5% return was enough. I invest myself, I have two different programs and I average about 10% on one. The other one is a work thing so it's a little better because of the company contributions. But the main difference is that I invest my money and have virtually no debt (small mortgage left).
I am just trying to give you a different opinion on this. If you don't like it then move on, but don't try to insult me. After all, it's not me trying to catch up with basic life expenses. I am doing well enough to not need advise from a message board infested with young know-it-alls that live in dreamland on how to refinance a house so I can buy a car
