Paulie
Diamond Member
- May 19, 2007
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I too agree. I'm giving serious consideration to selling my quick selling townhouse and moving closer to school, though I intend to leave there in the next year or two. I drive about 45 miles per day. My intention was to stay put until my youngest had graduated and found a position, then move out of state. I never intended an intermediate move, but it may be necessary.
Kath, you may be better off trying to keep the property if you can somehow manage to afford it. Let the coming inflation eat away at the interest. We probably haven't seen the real estate bottom yet, but there will eventually be a correction and you will gain more value and equity.
I still maintain that people invest a small amount of money in oil. Your returns in this market will offset a lot of your costs at the pump. And if the price of oil makes a continued drop back down, then you simply move your money elsewhere and you'll still naturally be saving at the pump.
I haven't yet seen a credible analysis showing a drop in oil prices anytime soon. We're probably looking at at least $200/bbl by year's end. That's a return of around $70 per share, as of the latest market close. There aren't very many sectors yielding those kinds of returns right now.