from Gold Money:
Throughout history many fortunes have been made and lost in real estate. Luck has of course played a part in these outcomes, but the main reason for changing fortunes is the decisions that were made, whether good or bad. Often the bad decisions were made because of the misunderstanding of some basic elements needed to choose real estate wisely.
For example, returning from a business trip not too long ago I got into a conversation with the driver of a car that I had arranged to meet me at the airport and take me home. This gentleman was in his late 60s and in a very jovial mood because it turns out, he had just sold his house in the outskirts of London. Thus, he was now ready to retire and was excited about the prospect of moving to the southwest of England where he planned to buy a cottage to enjoy his retirement. But as it turns out, that wasn?t the only reason that made him happy.
He crowed about how well he had done on his ?investment?. Apparently, he bought the house in 1964 for ?3,100, and was now quite delighted by the ?212,000 selling price it had achieved.
Read More @ GoldMoney.com
Source: http://sgtreport.com/2012/11/real-estate-priced-in-gold/
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