Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 1 of 7 · from the scan, no model involved
yReal
Estate
Eileen M. Day REALTOR
: TO BUY OR NOT TO BUY ’ Each year ihe selling prices of iomes go in one direction: Up' Even during years of inflation, whether it
high or low. home prices always ^0se at a faster rate than the inflation frte. As a case in point, you may notice that a home that sold for 'J208.000 recently, was for sale just Jive years ago for $140,000. I True, prices have never been fiigher, but for that matter, prices tyill probably never be lower either, ■for example, it this $140,000 home increased in value at a rate of only 6 percent per year, in ten years it [Would be worth $250,720. In twenty [years, the same house will be selling ■4t $448.900. . .and a 6 percent appreciation is conservative. % If you put down $28,000 (20 percent) on that original $140,000 [house, the appreciation on your investment in 10 years of $110,720 works out to an annual increase of 40 percent per year. Where can you -fliake another investment like that toCay (and live in it)? Shakespearean ^dvice applies: It to buy or not to buy [is the question, t’were well if it were done now. * if there is anything we can do to help you in the field of real estate please stop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone 675-3033. We’re here to help.
75.9%