vegas+investments = good times!

[Duncan]

i think jai or dave could buy it outright lol

[joel]

yup, even if you don't rent for and pay the 7200 for 5 years, (for a total 36,000), your principal will be approx. 115k still. but if you sell the house for 320k (100% increase), then your net sale will be 205k (from what was a initial 32k investment and a 36k investment over 5 years).

[Wetundies]

that's only if you can get 100% increase in 5 years. Only reason it's still so cheap in Vegas, Arizona and Texas is cuz they can't sell them!

[nature boy]

what if after 5 years the house drops to 100k?

don't get me wrong, you guys can do whatever you want with your money, just from my standpoint i don't see how it makes any sense for me unless i'm in vegas every other week, which i'm not.

[Duncan]

yea but that's just it.. it's an investment, which is never secure...

and plus, if you get in on this, it's a good excuse to be in vegas every other week!!! not sure why you're not head over heels about this... it's about time for some toast.. buttered and otherwise

[joel]

yup markets will always swing up and down. that's why buying when it's down is a good thing. yes we can't predict what will happen in 5 years, so there's risk invovled.

if in 5 years time, the price of the house is still the same, then you lose out on about 25k in interest payment in 5 years. So you are betting on the prices increase by at least 15% over 5 years to make some degree of profit.

[nature boy]

like i said, you guys can do whatever you want with your money. i'm just saying that i don't see it as a good idea for me. but hey, you guys talk like you have 160k (or significant portion of) burning a hole in your pocket, so go for it.

[Wetundies]

someone should buy a jet, i'm sure we can get more use of of it.

[joel]

well i'm planning on offsetting mortgage costs from my earnings from my poker career lol.

[nature boy]

lol, how's that working out for you so far?

[geForce]

You could have that house mostly paid off for by winning a small-medium sized poker tourney.

[joel]

well i'd need to be in vegas to make a decent living playing regularly. to win a tourney i'd have to be lucky and play well.

[nature boy]

well, based on last friday you'll need some more practice.
ZING

[geForce]

Last friday was written off as his investments into learning how to act better.

[nature boy]

that was a lot of acting.