Dave wrote:
> It is amazing how these numbers seem to be so consistent > based all averyone's experience. > "Expect to spend 100% more." > I did not believe it would apply to me, but it has come out > to just about that number over a 3 year period. > Seems like pretty dependable wisdom. I'd say to expect 30%-40% of purchase price over the first year for needed fixes for anything bought used. But improvements and such can run the total over the first several years higher. Those should be considered before purchase as part of overall cost. However, improvements can often be spaced out to be congruent with income. And sometimes there are surprises, even if you have a complete, well-done annual for your pre-purchase inspection. JMHO Ed Burkhead http://edburkhead.com/Ercoupe/index.htm East Peoria, Illinois ed -at- edburk???head.??com (remove the ? marks and change -at- to @)
