CHEAP house for sale by Union College NO MONEY DOWN & MORE!!

[sbardy]

@Vovchandr

Yeah but you’re missing the point.

Dave doesn’t want to wait 20 years to double his money invested.

Not to mention 20 years of paying at least $4000 in tax a year on a 200k house, will only leave you with 120k profit. Rent isn’t included as either cheap or nisky house would be rented so that’s equal.

That comes out to $6000 a year return on investment of 200k, which is 3%, which will be entirely offset by the APR on the house and assuming market will double it in 20 years and doesnt burst again.

Plus 60k house in Schenectady will also increase in price if surrounding areas double their value over 20 years.

Just look at the trends over 10 years on most realty sites.

I know dave and i know hes going to make money selling it… im talking about keeping it as an investment… totally different…

comparing his property to a 200k property in colonie is like comparing grapes to bicycle tires.