The whole reason government can spend your money willy-nilly is because of a misinterpretation of the "general welfare" clause >>> http://www.capmag.com/article.asp?

I am on several other sites as well as facebook and myspace with hundreds of friends and i don't spend half the amount of time i spend on this site.

I agree with Blaine, I spend about $1000.00 on every listing before it ever hits the market.

I've been changing my mind to think that what's the point in having equity if I cant spend it.

They got used to spending that money, they sure as hell won't cut back.I found a house in a town 10 miles from me, typically known as a town with high taxes.Its a bank owned propery on the market for 225k, its 08 assessed value according to MLS is 343k.

Then I would pay off all of my debts and mortgages on the houses we spend our time in and convert half of the remaining cash into hard currency.

The house was a foreclosure wanted $20k and we got it for $12k - we did an analysis and breakdown - we are going to spend $13k in fixing this property up (labor and material... thank goodness this is what Dan does for a living!).

The house was a foreclosure wanted $20k and we got it for $12k - we did an analysis and breakdown - we are going to spend $13k in fixing this property up (labor and material... thank goodness this is what Dan does for a living!).

Personally I think we will be spending the euro in 5-10 years.

Still, spending up toward $800K for a property that was worth $1.1M two years ago seems like too much.