posted on March 5, 2005 12:48:40 PM new
WSJ article of a man who buys houses -
Dr. Wheaton, who is a partner in Redbrick, uses data from the Office of Federal Housing Enterprise Oversight and the Census Bureau to find out where average rents are high relative to house prices. He studies economic data to find cities where job and income growth is likely to be healthy. He also looks at supply, steering clear of Texas, for instance, because "they build houses like rabbits multiply."
-sig file -------Life is one big happy 'All You Can Eat' buffet .
posted on March 5, 2005 12:55:40 PM new
Tell me about it. Bought a new house in Dallas in 1985, paid 96K for it. Added 20K in improvements and sold it in 2003 for $100k. Definetly not the best real estate investment I ever made.
But it sure beat owning a house in Houston during the same time period.
On the other hand, I've made excellent $$ selling Florida swamp land, oops, I mean water front property.
posted on March 5, 2005 07:07:52 PM new
" WSJ article of a man who buys houses -
Dr. Wheaton, who is a partner in Redneck, uses data from the Office of Federal Housing Enterprise Oversight and the Census Bureau to find out where average rents are high relative to house prices. He studies economic data to find cities where job and income growth is likely to be healthy. He also looks at supply, steering clear of Texas, for instance, because "they build houses like rabbits multiply."
