ETF SWING & DAY TRADING

[alanrs]

We're in Evanston. Small bungalow, built around 1910, bought 2 yrs ago. Originally a 3 bed, 1 bath house that I turned into a 2 bed, 2 bath w/pantry, linen closet and walk in master bedroom closet. Basement w/office (where I am now) and 1 finished room in the attic. Actual house is worth about 80K according to insurance company, land is about 250K and it's a small lot. Don't have a mortgage, but never put less than 25% down when I did.

Funny thing about real estate. 5 years ago I was working on a building downtown and the crane operator had bought a unit on spec at pre-construction prices. It was not his first. If he continued to do that on each building he worked he probably turned 50K into 500K. If he's stuck with the last one and has to dump it for a loss or carry it and rent for a while, no big deal. Same with the builders.

All real estate is local and more a function of the income that can be earned in that location. As long as 100k is not that hard to make (and it is not-the crane operator I mentioned made that and more) the property will hold its value.

ARS