RM> > I did everything I could to keep the interest rate on my Line
  > > of Credit low so I was usually making a higher rate on my
  > > investments than I was paying on the money I borrowed so there
  > > was still a little profit in that situation.


AR>That would be called "leveraging".

Yes,..  Or common sense..   B)

AR>Earlier last year I was considering buying a house as an investment. The plan
  >s to take a mortage and pay it using the dividends from my investments only -
  >at way you end up with a house you didn't have but you don't de-capitalize yo
  >elf.

AR>I eventually scrapped the idea because the money is better placed in more sto
  >, and you have to be utterly retarded to invest in Spanish housing considerin
  >he sort of government we have.

I was going to say more to that until you reminded me that you are
in Spain so things could be quite different.

I may have to buy another place because my current place requires
a lot of hard work to survive in the winter and I'm in fair shape
but not getting any younger. I don't want to sell this place since
we want to keep it in the family (my sister and I share ownership)
and pass it on to the next generation but, with it being nearly
impossible to buy a place for under $400,000 Cdn, and my gov't pension
(my only guaranteed income) not being all that high, I would have a
hard time getting a mortgage for more than about 25% of that purchase
price so I'll have to cash in a lump of investments to pull that off.

(I believe $400,000 Cdn equals just over 41 million Pesetas there?)

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 * SLMR Rob  * Photographers can do it 36 times without reloading
 * Origin: Capitol City Online (618:250/1)