The economy both helped and hindered us this year. The other half buys properties and will either flip them or rent them out. He's been doing this for the last 5 years, so it wasn't a "oh, the markets up let's do this". But when the market did go high, it was great. Houses that we bought for 350,000.00 we were now selling for nearly double sometimes more. We sold our house on the lake in Auburn Bay for 1.2 mil. We've owned the property that we currently call home for 4 years and will keep it as our main house..but we do normally travel in the winter to our house in Surprise, Arizona and usually head down to Mexico for a month or so. Its nice.
Having said that. We don't spend our money like it's going out of style. Keep in mind that even though we currently have 5 houses under our name here in Alberta, 2 of them are being renovated, one is ours and 2 of them have been rented by the same people for the last three years. So it's a steady cashflow, but we also are paying for the renos, paying our utilities etc. Same with the house in Arizona. When we are not there it is rented out ... although the realestate market in the US isn't the greatest, the rental market is. We bought the house (1800 sqft bungalow with pool in back yard) for 185,000 USD when the dollar was par and now rent it out for 950USD a month including utilities based on a 6 month contract.
Wow...Ramble
Bottom line...we live well, we spend wisely and we always are saving for a rainy day. Right now not many people are getting tattooed, so that extra cash isn't coming in, but we're alright
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75 gallon with 20 gallon sump in the works.
R. Bacchiega. Tattooer
I didn't smack you, I simply High Fived your face.
I've got so much glue on my pants it looks like a Friday night gone horribly wrong.
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