[DeTomaso] Fw: Fw: Fw: if only . . . .

[Christopher Kimball]

Actually, in general, real estate returns between 4 and 5% annually, over 
time.  Just like in anything we all hear about the guy who bought waterfront 
property for pennies and sold it for millions, but no one mentions the 
thousands of people who lost thier shorts in various housing bubbles (say, 
California in the late '80's...)

If you bought a house in 1950 for $25,000 and sold it today for $1,000,000, 
and you're single, after taxes you would have made a whopping after-tax 
return of...(drum roll, please...) 6.5%!

Chris


>From: "Will Demelo" <wdemelo at cogeco.ca>
>To: <detomaso at realbig.com>
>Subject: [DeTomaso] Fw:  Fw:  Fw:  if only . . . .
>Date: Fri, 9 Mar 2007 16:51:16 -0500
>
>My Father sold that $9500 property 2 years ago for $1.6mil.
>Cars are a gamble as an investment. Real estate isn't. Unless you are me. I
>bought my first house in 1989. The absolute highest price one could pay. It
>took me 10 years to get my money back.
>Will (financial loser) D.
>----- Original Message -----
>From: "Larry - Ohio Time Corp." <larry at ohiotimecorp.com>
>To: "Will Demelo" <wdemelo at cogeco.ca>; <detomaso at realbig.com>
>Sent: Friday, March 09, 2007 9:54 AM
>Subject: Re: [DeTomaso] Fw: Fw: if only . . . .
>
>
> > Will,
> >
> > Pops bought his house in the bergs of Cleveland around 1950 for $10,000.
> > Normal 50's bungalow on city lot. It is up for sale right now 100K.
> >
> > In 1970 I bought a 1966 Chevelle convertible, 6 cyl with blown trans for
> > $15. I was very happy when I sold it for $375 a year latter. That was
> > until I saw one sell at BJ this year for 30K.
> >
> > Larry (my money goes down) - Cleveland
> >
> >
> > ----- Original Message -----
> > From: "Will Demelo" <wdemelo at cogeco.ca>
> > To: <detomaso at realbig.com>
> > Sent: Thursday, March 08, 2007 7:40 PM
> > Subject: [DeTomaso] Fw: Fw: if only . . . .
> >
> >
> >>
> >> Uhh, the planet earth. My father bought his first commercial building 
>in
> >> downtown Toronto for $9500 in 1963.
> >> Will
> >> ----- Original Message -----
> >> From: "Douglas Kelm" <dakelm at qwest.net>
> >> To: "Will Demelo" <wdemelo at cogeco.ca>; <detomaso at realbig.com>
> >> Sent: Thursday, March 08, 2007 5:31 PM
> >> Subject: Re: [DeTomaso] Fw: if only . . . .
> >>
> >>
> >>> On what planet was that?
> >>>
> >>> Doug
> >>>
> >>> ----- Original Message -----
> >>> From: "Will Demelo" <wdemelo at cogeco.ca>
> >>> To: <detomaso at realbig.com>
> >>> Sent: Thursday, March 08, 2007 2:46 PM
> >>> Subject: [DeTomaso] Fw: if only . . . .
> >>>
> >>>
> >>>> Let's not forget that one could buy a house for $6k in 1966.
> >>>> Will
> >>>> ----- Original Message -----
> >>>> From: "Jim Gray" <jim.gray at wnlic.com>
> >>>> To: "Adin, David" <DavidAdin at mercydurango.org>; "panteras"
> >>>> <detomaso at realbig.com>
> >>>> Sent: Thursday, March 08, 2007 3:35 PM
> >>>> Subject: Re: [DeTomaso] if only . . . .
> >>>>
> >>>>
> >>>> > There are a lot of those "what ifs".  I remember seeing an ad in 
>one
> >>>> > of
> >>>> > the
> >>>> > car magazines in the late '60's where Delmo Johnson in Ft. Worth 
>was
> >>>> > selling
> >>>> > his Grand Sport (one of only 5) Corvette, less engine, for $5,800.  
>I
> >>>> > think
> >>>> > the last time one of those actually changed hands recently it was 
>for
> >>> like
> >>>> > $3 mil.
> >>>> >
> >>>> > Jim "if only" Gray
> >>>> >
> >>>> > -----Original Message-----
> >>>> > From: detomaso-bounces at realbig.com
> >>> [mailto:detomaso-bounces at realbig.com]On
> >>>> > Behalf Of Adin, David
> >>>> > Sent: Thursday, March 08, 2007 2:17 PM
> >>>> > To: panteras
> >>>> > Subject: [DeTomaso] if only . . . .
> >>>> >
> >>>> >
> >>>> >
> >>>> > Just ran across this . . .
> >>>> >
> >>>> >
> >>>> >
> >>>> > http://www.thecobraferrariwars.com/files/16671557.pdf
> >>>> >
> >>>> >
> >>>> >
> >>>> > If I had seen this in 1966 life would have been quite different
> >>>> > (living
> >>>> > in a cardboard box down by the river sooner, I imagine.)
> >>>> >
> >>>> >
> >>>> >
> >>>> >
> >>>> >
> >>>> > Cheers,
> >>>> >
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