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Re: Home Prices in U.S. Increased by Most Since 2006 in May

By: ribit in FFFT | Recommend this post (0)
Thu, 01 Aug 13 12:22 AM | 75 view(s)
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Msg. 54721 of 65535
(This msg. is a reply to 54707 by clo)

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clo
...my point was that the value of the house was down from it's high, not that it was worth less than he paid for it. Would you sell your house for what ya paid for it???




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The above is a reply to the following message:
Re: Home Prices in U.S. Increased by Most Since 2006 in May
By: clo
in FFFT
Wed, 31 Jul 13 8:45 PM
Msg. 54707 of 65535

ribit,

The question is, what year did he buy it & what did he pay then?

He could have paid $25,000 in 1970, giving him a profit of $210,000....

Besides, he could have sold it in 2009, he had choices ;))


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