“If you cannot tolerate risk in your life, then you should never own real estate. Never.”
In this video David Hall offers that advice, and some very sage rules of thumb for when to buy and when to rent.
Hall has seen the ups and downs of Chicago’s real estate market during his more than 30 years in the business. The market crash of the early 80s wrecked his construction business, leaving him down to his last $5.
The last 20 years, however, have seen Hall presiding over Coldwell Banker’s Lincoln Park Plaza office and building it into a powerhouse, with more than 200 agents and $1.7 billion (yes, billion) in sales in 2006. To put that sales number in perspective, if Hall’s office were a company it would be one of the largest real estate companies in the United States. From 2004 through 2006 his office ranked first in sales in the entire Coldwell Banker system.
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[where: 60614]