Defying Gravity and Investing in Real Estate

In the Land of Oz any principle can be violated, even redefined. Let’s take just a few examples — location, age, and a perennial party favorite of mine, functional obsolescence. Is location quality a principle of real estate investment? Age? Functionality? If we’re honest, they really aren’t — until they are. Most of the time a truly well-located property will fare better, over the long haul, than say a property in a genuinely poor location. But we all know of stories where an investor did well with a C+ location. Same with younger vs older, and various subsets of functionality. And there’s the rub.

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Randy Ramadhin

Randy Ramadhin

CENTURY 21 People's Choice Realty Inc., Brokerage*
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