Quote:
Originally Posted by Snuffleupagus
Not sure why their scared, if they can't handle the measly 3-6% of ROI they can always sell for a large profit! I bought my first house in 1994 for $122k, it's been a rental since I paid it off a few years ago and I bought a small condo for myself of which the rental almost completely pays for, I have a great family renting the house but they just can't afford a house worth $550-600k, I haven't raised their rent in the 3 years they've been there but when I sell it in a few years for retirement I think I'll feel like a criminal.
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That depends on when you bought. I bought my house in 2008 - I think it's been worth more than what I paid for it for about the last 8 months out of the 14 years we've owned it.