Friday, September 07, 2007
"So what if prices fall another 10% - if you plan on holding on to the house for five years or so, you will still walk away with a nice profit, tax-free." - Purva Brown for John Lockwood, Realtor® Elite Properties wesite.
Well give ole John the benefit of the doubt that it was an oversight to say "will" rather than "could" and of course it goes without saying that Realtortalk® is not investment advice no matter how much it looks like investment advice. Especially since were this investment advice it is collosaly bad.
Update: Purva wrote the article for John's website. John is the broker of record and responsible for the content.
Math innumeracy is a sorry thing to see.