| falcon | 01-10-2009 07:24 PM |
Quote:
Originally Posted by Ferra
(Post 6214283)
Turning $45,000 into 2,000,000 in 40 years + is really not that great of an investment. It is basically an annual return of <10%. If he has invested that $45,000 into the stock market in the 60s, his 45k would be worth over 4 millions by now.
Not to mention you don't have to pay land/property tax.
| well when you consider at the time he wasn't really thinking about it. he just bought it to build a house on when he retired. he retired a few years ago, built a small rancher (he built homes for a living) and now lives there. | 