You don't need to have the brilliant mind of Milton Friedman to know that supply and demand changes in the market will affect the price of whatever commodity it is we're studying.

This is no less true for real estate so I urge you to watch this brief video and learn more about what buyers might pay for your home or if you're planning on buying a home soon, how to strategize your offer. Notwithstanding this analysis, homeownership as an “investment” has always been, is now, and should always be a LONG-TERM PLAY. One fact has remained true over the last 60 or so years that I’ve tracked real estate for Palos Verdes homes and the Beach Cities … you could have bought just about any home at any peak in the market, and if you waited 10-12 years before selling … YOU MADE MONEY. That being said, it’s time to be prudent.


Either way, selling or buying, you want to avoid losing money by making a mistake, and having the facts is the only way to make an intelligent decision.


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