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Really good
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Americans still think they can make money flipping houses
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<blockquote data-quote="cheryl" data-source="post: 1321" data-attributes="member: 1"><p><a href="https://www.cbsnews.com/news/homeownership-not-the-wealth-builder-many-americans-think-it-is/" target="_blank"><strong>Americans still think they can make money flipping houses - CBS News</strong></a></p><ul> <li data-xf-list-type="ul">Americans prefer real estate to any other investment, a new survey shows—with millennials liking it most. </li> <li data-xf-list-type="ul">But housing is a so-so way of making money. It's hard to sell quickly and often needs upkeep that can cost thousands of dollars a year.</li> <li data-xf-list-type="ul">Unlike many other assets, the very process of buying and selling a house also costs thousands of dollars, which can eat away any increase in the purchase price.</li> <li data-xf-list-type="ul">"We have many more clients that have broken even or lost money in real estate than have made a killing in it," said one financial planner.</li> </ul></blockquote><p></p>
[QUOTE="cheryl, post: 1321, member: 1"] [URL='https://www.cbsnews.com/news/homeownership-not-the-wealth-builder-many-americans-think-it-is/'][B]Americans still think they can make money flipping houses - CBS News[/B][/URL] [LIST] [*]Americans prefer real estate to any other investment, a new survey shows—with millennials liking it most. [*]But housing is a so-so way of making money. It's hard to sell quickly and often needs upkeep that can cost thousands of dollars a year. [*]Unlike many other assets, the very process of buying and selling a house also costs thousands of dollars, which can eat away any increase in the purchase price. [*]"We have many more clients that have broken even or lost money in real estate than have made a killing in it," said one financial planner. [/LIST] [/QUOTE]
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Americans still think they can make money flipping houses
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