Here's a reminder that real estate doesn't always go up, writes blogger Cindy Allen, who whips out her own personal history with buying and selling. Her scorecard: Since 1982, she's purchased seven homes. One made her a good amount of money, while another one (currently owned by ex-husband) will also net her a gain when the place is sold. The other five homes were essentially draws. Final thought: "Sitting on what’s left of my money from the 2005 sale and happily throwing money away on rent. I’m not saying I’ll never buy again, but I won’t buy high. And I don’t know if “low” in L.A. will ever be low enough for me." [Redfin]
Filed under:
Loading comments...