duck nc: Can we really call a property an investment when it caps @5%??
- 08/05/08 04:00 PM
I makes no sense to classify a Beach House as an investment when it only does 5% gross return on income. Once you deduct the operating expenses you are at about 3% or less!!! I would rather buy a CD or something that will put$$$ in my pocket for an investment. Real investors laugh at listings that are $2,000,000.00 and they are grossing $98,000---- Everyone one is tired of looking at them collecting dust on MLS-! If I want an investment and by that I mean something that will pay on principal then I will buy a bond or CD or something that will … (2 comments)
duck nc: Activist Judge Closes the BEACH -Just in time for summer!
- 08/04/08 01:47 PM
In 1950's when the US Government took our precious land to create Cape Hatteras National Seashore, the Park Service promised that access would never be deniedand the charter clearly makes our beaches recreational areas. Man has dominion over the earth and all creatures - this law was laid down before the foundation of the earth- Has the Audobon Society overturned this law with the help of an activist judge? Little by little our federal government has given way to much power to groups like US Fish and Wildlife. Here is a group filled with extremists with a burning desire to shut … (5 comments)
I makes no sense to classify a Beach House as an investment when it only does 5% gross return on income. Once you deduct the operating expenses you are at about 3% or less!!!;)
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