Learning 1: Real Estate
Last night was book club night. I was the host. We discussed Round House by Louise Erdrich. I love the book club because these gals really talk about the book for a long long time, which is awesome AND because everyone drinks quite a lot of wine while we discuss said book. Books, wine, friends. Winning combo. But here's the prob. Today I was in no shape to really do what anyone would consider great learning. In short, I was sluggish. In the afternoon, I planted myself on the couch and watched many Million Dollar Listing shows in a row. Here's what I learned.
If you buy an apt. for 2.5 million dollars and you only live in it for 6 months because then you decide to move to Singapore, you probably can't list it for more money than you spent on it even if you improved the place with $100,000 on closets and blinds. Buyers aren't going to go for it because no one believes your place has increased in value in a mere six months.
Picking up some real estate info this afternoon perked me up. After dinner we watched #1 Son play bass in the musical, SWING. Well done, #1!
If you buy an apt. for 2.5 million dollars and you only live in it for 6 months because then you decide to move to Singapore, you probably can't list it for more money than you spent on it even if you improved the place with $100,000 on closets and blinds. Buyers aren't going to go for it because no one believes your place has increased in value in a mere six months.
Picking up some real estate info this afternoon perked me up. After dinner we watched #1 Son play bass in the musical, SWING. Well done, #1!
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