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nonymous
Premium
join:2003-09-08
Glendale, AZ
reply to StudioTech

Re: [Rant] A savings acct of 0.75% is now considered high-yield?

Savings accounts have never been the highest yielding in their time frame.
Stocks can be if chosen correctly. Some think if you have the knowledge buying and renting houses can be again. Another boom bust cycle but if dome correctly with enough cash on hand and know how to refurb and rent a house it may be good.
To make real money you have always needed to do more than just savings account.



dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4

said by nonymous:

Another boom bust cycle but if dome correctly with enough cash on hand and know how to refurb and rent a house it may be good.

Thats how I make most of my money. buying foreclosed homes, fixing them up and renting them out. not really into flipping houses.


Jackarino
YacCity
Premium
join:2006-12-28
Allendale, NJ
kudos:1

I made a lot of $$ doing that. But this was in 2008



dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4

said by Jackarino:

I made a lot of $$ doing that. But this was in 2008

With house values in the tank currently those shows like flip this house aren't really doing as good as they make out but it makes for good television entertainment.