Pablo wrote:I regret selling my 0.6Ac for 2.5M just before the parliament est (2.5km from MSA Rd). in Aug 09. Its amazing to see that thats the selling price for a quarter now. My only consolation is that I bought it for 350k in 2004.
One of the regretable decision to make is to sell your plots when the price appreciates.
Always envision to add value by developing.
You can only sale one to develop the other but try as much not to sale as you can never buy back at that price.
That is why I think one has to complement real estate with stocks. Because in stocks you can sell and may have opportunity to buy back the same stock even at a lower price.
I have heard of various regrets and lamentation from people who sale their plots either due to capital gains or financial pressure.
It like selling both the icing and the cake itself for the price of the icing.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .