Should one invest now or wait?? The big ?.
Define an investment. Take Dan's shot at TD and his office condo. Has that been a good investment? It's been advertised for $499k. What did he pay? What are his carrying costs? Electric, gas, taxes etc. If and when he either rents it or sells it, then you can determine the success of the "gamble", cause that is what investing is. People often refer to "investing" in AP like playing craps in AC. Many, many, people made some pretty good $ the last few years SELLING, OR borrowing against their new found equity in their real estate. When you sell or borrow and use the money, is when you either win or lose. Then again, there were many. many people who lost a bunch in ap - on their investments. Someone the other day said they were shocked at their gas bill, on their property they hope to rent now (i think), then to move in to someday. One when invests, they should expected a return - either in the future (appreciation) or now (because your rental income is MORE then your expeneses). If you go to buy a condo today to rent, you gotta hope that you can get enough rent to cover the mortgage AND taxes then hope that after 3,000 are built and the infill and downtown, someone would want to pay more then you. It's how you make your downpayment money work. Atlantic City is only 90 miles away, and you get instant results. Craps. ------------------------ Yahoo! Groups Sponsor --------------------~--> Check out the new improvements in Yahoo! Groups email. http://us.click.yahoo.com/4It09A/fOaOAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
