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Any property deal in America is a good deal for HKers lol
1) I bought my home 3 years ago.2) It has appreciated 35% in that time, I bought in right before my area skyrocketed.3) i think I did things pretty well and I love where I ended up, but maybe I donít waste time looking at Cambridge which was an absolutely insane market. Everything in Cambridge that I looked at went 10% over asking price and 100% down, all cash, no escrow. No way for me to compete.4) Did I like the process? Not really, for 2 months I was basically working 12-16 hours a day 5 days a week, from 9am-1am or later- teaching myself real estate valuation skills, finding places, etc. There was a ton of urgency since my rent was being raised 40% and a lot of suspense and then rejection from looking in Cambridge. I ended up in Davis Square and other than needing to build a balcony, I couldnít be happier.
1) how long did you stay? 2) did it appreciate/depreciate? 3) would would you have done differently knowing what you know now?4) did you like it?
I managed to buy in Southern California in 2009 at the very bottom of the market. We were lucky enough to buy a short sale property with some flaws but nothing that couldn't be fixed with e.g. some new carpet, paint, cleaning etc. Put only 5% down and we're up roughly 100% in 9 years. Spent under $10k fixing it up to nothing fancy, but comfortable. We even got a full 10% below asking as our agent was savvy enough to see the bank was desperate. We made some smart moves, but were lucky to ever have that window of opportunity. All in all very fortunate.