Quote:
Originally posted by dig420@May 25 2004, 02:14 PM
First off, I'm a newbie in this game and I certainly can't match your knowledge on real estate or investing.
The word I get on the market around here is that property almost never goes down in price. The points may go up and home sales may slow down but your property will retain it's value in the slow periods and the long term on good property in L.A. is always trending up. Eventually there'll be another hot market like we just experienced, and that'll be the time to unload and trade up or use the equity to leverage some more buys.
In any case, the long-term on real estate around here is much better than the long term in just leaving your $$ in an MMA. I hope.
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cool,
please keep us posted and if you beat the maxim associated with newbies-
more power to you