When the housing crisis hit in 2007, they thought their time to buy had come. They bought a condo in the Fontainebleau, a resort in Miami Beach, in 2010, after prices had bottomed out, paying 60 percent less than it had sold for two years earlier. The condo has since doubled in value.
In hindsight I regret not snapping up a distressed Miami condo back a few years ago as recommended by more than one person I know. What about you? Have you had success in real estate investing? Or, are you just not interested? Or, like me, have you had a bad experience that soured you on that sector?
What’s your take on this?