Home Purchase?

Question

A friend purchased a home in Inglewood, CA (LA) for $850,000 good or bad investment???

Answer 1

You would have to provide ALOT more information about the property. Check http://www.zillow.com It will provide you with comparable sales in the same neighborhood and you can decide for yourself if it was a good or bad investment. Of course, no one can predict with complete accuracy which way the housing market is going in the long run. It has certainly slowed down recently.



PS> What kind of property in a banger neighborhood is worth 850K? Is this a commercial property?

Answer 2

Good if he or she did their homework bad if they just jumped into it without getting all the facts