Posted by MarkB_MI on December 04, 2012 at 03:08:16 from (75.219.126.34):
In Reply to: In a Quandry. posted by Dalet on December 03, 2012 at 18:06:35:
As an investment? They both stink. Collectibles are fine as a hobby, but don't expect any big returns. Non-income real estate is a losing proposition: you're betting that land prices will rise enough to recover what you lose in taxes and lost income on your investment. And farmland prices are sky-high right, now; there's no way you can buy farmland then turn around and rent it at a profit.
What's a good investment right now? Rental homes, particularly in areas where housing prices are severely depressed. Buy them cheap, fix them up and rent them out. It is WORK, but can be very profitable.
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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