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Sapphire The best investment I ever made was a house and land in Sapphire, serviced by Haywood Electric. The house was two stories and modest in style and condition but had 11 acres with it. When my husband became ill and was hospitalized for over a month, we were in deep financial trouble. We had bought a smaller house which we rented in Lake Toxaway and had problems making payments. While it was rented in the summers it paid for itself, but in the winters it was a serious debt. Because our larger house in Sapphire was on the same mortgage with the rental house, we were in danger of losing both. We were able to sell the larger house, pay off the rental house and move into it, mortgage-free. Any land that is not in the flood plain has the potential of becoming much more valuable oftentimes within just a few years. I personally know at least two people who bought land when their children were small and sold it when they began college. Their small investment paid for the entire tuition for their children for their four-year college sojourn. As the saying goes about land: “They’re not making any more of it.” Betty Sherrill |
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