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JodyChunder
2012 Feb 21, 1:38pm
Never lost a dime. Made my $$$ as a landlord and franchise operator .
RentingForHalfTheCost
2012 Feb 21, 1:59pm
I've lost $97,080 renting over the past 5 years.
Because I rented over the last 3 years in the BA, I estimate I grew my wealth by at least 2X. My $2000/mth savings for 3 years has benefited from the market comeback story of my lifetime and the housing (which I plan to buy in the next 1-2 years) has dropped considerably. At least a 100% gain in stocks over the last 3 years, and a 30-35% better leverage on a SFH. All things going in the correct direction if you ask me.
JodyChunder
2012 Feb 21, 2:49pm
Because I rented over the last 3 years in the BA, I estimate I grew my wealth by at least 2X.
That is dam good. You might should look into a Tutti Fruiti franchise. I own 2 now but want 12.
http://www.tuttifruttifranchise.com/
Whether you are craving out for a regular breakfast or simply with a delightful montage of fruit, you would surely be amazed every time by the originality of its menu.
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+$50K SF condo (2005)
-$65K or more Cola low income SFR (tax sold 2010)
~0 Cary townhouse (2007)
~0 incuding upgrades costs Cary townhouse (2008)
-6K* Charlotte house (according to tax assessment)
+-* unknown Charlotte land
* Unrealized loss or gain.
I worked with another person who was down $100K* on each of his Tampa condos. Looking back at mine I was right to sell as the SF will not go up near term as much as other investments could, the Cola low income neighborhood will continue to fall (think Detroit), and Cary will appreciate slowly. I actually suspect Charlotte will appreciate more rapidly than the rest of the USA.