Quote:
Originally Posted by Ferra  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.
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