Jill Kamp Melton
Finance, Lifestyles, Advice, Education, Arts
Latest Commentary:
It will cost you to be lazy.
Posted on: Monday, July 28th, 2003 by Jill Kamp Melton
It will cost you to be lazy.Have you seen the ad for a restaurant that starts, "Don't feel like cooking?"It might as well read, "When you want to waste money, spend it here." Do you know why prices are so high in the DC area for almost everything? Prices are high because people pay them. Period. End of discussion.For five years and then some, I have been begging, pleading, and cajoling you to be careful with your money so you can "live rich without being rich."And yet you allow yourself to get ripped off at every turn.Here are some current examples. There is a house for sale in N. Arlington. The house is $675,000 and the adjacent lot makes the package $1.5. This is an ugly house. The lot has a tree at least 100 years old smack in the middle of it. So to really enjoy this home, you need to have an architect redo the exterior and completely update the interior. You need to cut down the tree in the middle of the lot and then spend at least 600,000 to build a new house to compare with others on the block. Are you kidding? Even if you sold the homes after doing the renovation and building, what kind of profit would you have? And you would have to have quite...More Commentaries by Jill Kamp Melton
- 07-28-03 - It will cost you to be lazy.
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