Housing here in florida, especially by the coast is super excpensive, though the last few years have cut the prices in half.

 

That was a hell of a steal. Our house in 2006 was 149k

 

That's a nice house Jerry. The housing market is about the same in my area too. We bought our house for 28500 two years ago. If this market goes back up I have a 70 to 80 thousand. I love it but if someone offered me 60000 I'd pack up the trucks.lol

 

My sister and I went in halfs. Getting a mortgage on this one and buying another. We will always have one paid off and plan on doing one every six months. The one I bought just appraised for 38K, so we are borrowing 80% of that and getting the next. Trying to buy cheap, fix nice and cheap, and as we get older, sell them off for retirement cash. We do all the labor ourselves but have to hire some of the stuff I know nothing about. Friend come in handy here. Sounds like a good plan, only time will tell.

 

I'm hoping the market stays depressed a while longer. I've outgrown my house and hope to do something different next year. I would like to make my current house a rental.

 

maybe you could rent out some of those cars to house small familys That way you could save up a bit more money

 

If my credit wasn't in the toilet I'd do the same thing. Hopefully soon. It takes forever to clean up bad credit. After the devorce I almost lost my house to foreclosure. It was the only was of keeping it in the devorce. Nobody wants to take a house that is about to be foreclosed on. For the ex to take it she had to pay the arrearage and I knew she couldn't.

 

If I was smart I would sell some of them off but right now the only buyers are bargain hunters and that's how I got many of them. I feel they are money in the bank when the markets turn around. I just made a deal on a 63 Ford Falcon Futura 2 door hardtop with a factory V-8. It needs paint and an interior kit but should be worth a fair amount when done. The seller is a friend of mine and is willing to take payments. The price was right at 2500 and it has almost no rust.

 

If I was in your position I'd keep every last one of them

 

Pennsylvania must be crazy expensive. No wonder this is such a poor area I live in. Nothing but minimum wage jobs and only $100,000+ houses.