He would have 350 k if he had the 49,k to put in but if he payed notes it would be a different story ...Caustic Burno":3990hmc8 said:cross_7":3990hmc8 said:i know a guy that bought a piece of property in 1972 for 49000.00
sold it in 2010 for 221000.00
at first i thought that was a great return until i began to figure what the 49000.00 would be worth had he invested it at 5% or 7% for a 40 year period.
He would have had almost 350,000 with it sitting in CD's at 5%