Wednesday, November 09, 2005

Another offer?

I am in freak out mode. I am probably going to make an offer on another apartment before the end of this week-- I'm going back to the place for a second look tomorrow. I don't want to go into the details yet. It's a slightly risky proposition in some ways, but in others it could be a slam dunk! There are some drawbacks, but it makes my spreadsheet results look like this:




By "in the bank" I just mean my non-retirement savings. Now wouldn't that be a pretty picture? And given the latest news about trouble in the housing market, here's the best part-- note the annualized percentage gains for investing my money (top) vs. annualized percentage gain in price of real estate:

5 comments:

Anonymous said...

Okay, I'm a regular reader of yours, and you've inspired me to keep closer tabs on my spending, and to budget, etc.

That said, I feel really super stupid for asking this, but here goes. I've heard about people's fear of the real-estate bubble bursting, etc. What in the heck are they talking about? I guess I dont even get what the bubble is, exactly, and that would answer what the burst would mean. I'm a new home-owner, so I'm concerned. What's going on?

P.S. - I feel like I'm writing in to the Suze Orman show.

2¢ Worth said...

Yay! That's the way to go.

I do hope it works out for you! Let me know when it does.

The numbers have got me intrigued, especially the "in the bank". This has got to be an unusual find!

Q. McFarlan said...

Madame X,

You are my idol. Eventually I'd like to get into real estate, but that is a long way in the future. Right now I'm still working on getting my net worth in the black :)

Keep up the good work!
- Q.

mmb said...

Those numbers look really good. Good luck!

Caitlin said...

I'm loving the pink OKs but I'm dying to know...in what ways is it risky?

DO tell...

sounds exciting all in all!