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The Importance of Investing in the Real Estate Market
The average owner had owned a building. for 20 to 30 years and they hadn't invested any money. We saw something very obvious. There were Victorian twin and single family houses with yards and driveways that were selling for $450,000. If they were well kept next to an apartment house with 50 units where the average one bedroom rented for $500 or $600. Those houses that were $400,000 without inflation on the standing would be $600,000 today.