Quote:
Originally Posted by Pairadocs
When I read the first post on this, about the "couple" who buy these houses and don't even rent some of them, just wait a couple years and sell them. But I wonder, do they calculate that monthly amenity fees on each one, the bond fees, the property taxes, and... don't they have to keep the utilities on in these homes ? Don't they have irrigation on ? And lawn mowing services ? I know property appreciates but... there are a LOT of expenses that go along with the property that needs to be considered !
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Yeah……one has to wonder if this couple was Mr and Mrs Mitty. Sounds pretty fanciful to me. Think OP should take that claim with a plate of salt.
Don’t get me wrong. We’ve made a couple of dollars on properties over the years by buying, renting and selling after appreciation and also vacant development land. It just doesn’t seem to be profitable to leave a home vacant for an extended period in hopes appreciation will offset all the initial and recurring costs of ownership