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Old 01-10-09, 03:04 AM   #1
blueflame
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Default Buying real estate today?

I'm thinking about buying a 2500sqft little warehouse to have a full workshop to make prototype gadgets and stuff.

Here in NZ prices are low maybe getting lower and interest rates are low too, down from 9.2% 1 year ago to 6% now, will go to 5% soon.

This one I'm looking at is 30% cheaper than identical next door 1 year ago, so its well priced.

I need a change and the workshop/warehouse living is something I've wanted for a long time.

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Old 01-11-09, 08:58 AM   #2
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If you feel good about it I say go for it. The biggest thing when making that extra buy is being sure you can back it up financially. If you got that covered you shouldn't be too bad off.
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Old 01-12-09, 09:02 AM   #3
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I agree. If you can live your dream and make a profit of it, then go for it for sure. Sounds like a pretty cool idea.
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Old 01-13-09, 03:34 AM   #4
blueflame
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Financially no probs, if I rent my house out I'll get $600 so the income will more than pay for the new acquisition of $230k.

I suppose the risk is that I could fail to make anything worthwhile, whereas now I can dream unrealized, and have nothing to prove.

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