Sunday, September 25, 2005

iamrefreshed: For bubble doubters......

This post was found on a Yahoo Finance message board:

For bubble doubters......
by: iamrefreshed
09/24/05 07:21 pm
Msg: 43041 of 43057

I've mentioned this before but I think it bears repeating. If you really don't think there is a bubble, please tell me what other period of time I could have done the following.

I bought my home in Long Island in Dec 1998 for $263K. I sold it in Aug. 2004 for $540K.

I walked away with $250K profit. That's over $41K per year tax free. It's like I had a second income for those 6 years and didn't know it.

Please tell me when I could have done as well


  1. Darn, you did better then I did. I bought for $212k in November 1998 and sold for $455k in May 2004 and profited $216k or $36k a year tax free for my second income. Bubble, what bubble?