Since the crash, the market has rebounded greatly. Congrats to all my clients who bought in 2010, 2011, 2012, 2013 and 2014! You can rest assured your money was better spent on housing than on stocks. A lot of those who bought in 2015 are also reaping some profits since then though not yet as exponentially. But hold onto the real estate and you can expect more gains in the future. This goes for the Los Angeles market in general.
For those who want to cash out, now is the time. For those who want to enter the market, think long term--like 5-7 years. We're approaching a time where prices are stabilizing as building has started again, and there is a bit more inventory (though still slim pickings in a lot of neighborhoods o LA).
As they say in real estate, sell high and buy two.
Tuesday, August 16, 2016
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