According to Barbara Walters that would be a big mistake. Twenty years ago, Barbara was going to buy an apartment, in teh same building that Jackie Onassis lived in, for about $250,000. NYC was in a slump, kind of like our market now. She asked her then boyfriend Alan Greenspan what he thought. He told her not to do it! It was a bad investment. She listened to him and of course you know the rest. The same unit in now worth over 30 million dollars!
This story just proves my theory: when single women decide to invest in real estate, every man they’ve ever known, comes out from nowhere and attempts to give them advice. Some of these guys may still be living in their mother’s basement, but they know what’s best. Well, if Alan Greenspan doesn’t know what he’s talking about, then who does? The time to buy is when you find something you can love and afford! It may be a long time beofre you can find a better time to buy.
