Nicholas Geti wrote: >> Really? Borrow $500,000 for a house at 10%pa while house prices are rising >> at an average 2%pa. Calculate in 30 years time how much you paid compared >> to how much the house is worth. YOU LOSE. Now try it the other way around. >> YOU WIN. Pretty basic really. >> > Refer to my previous note. How do you figure the house is worth less after > 30 years. Not only do you pay with cheaper dollars but your house is worth > more in dollar amounts. Your reasoning is goofy.
Hi Nicholas! That is a good question. Maybe adjusted for inflation? http://www.inflationdata.com/Inflation/images/charts/Annual_Inflation/inflation_Cumulative.htm or http://tinyurl.com/6e74eq -- Regards, Pete http://pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
