vcjim. i’m near culver city, but in metropolitan LA, which tends to have lower values. i see ‘for sale’ signs slowly increasing. most of them seem to be in the better areas, so i think their sale could lead to better comps.
no such reality. thanks, i’m really happy you stuck your neck out for the contrarian view. that helps me a lot. my theory is this. i moved the place ‘up’ one category from wretched first home to a desirable place to live in. in a sense i created supply for a higher end category which has alway sbeen limited, and i assume less prone to the vicissitudes of RE values. i may not make a loss on the place, but wouldn’t i lose the chance to maximize my profit at least within the next 3-5 years, by not selling now ? again, contrarian views are welcomed. i’m still working on my rationale.
