Thursday, January 10, 2013

Real Estate Gucci Style!

Real Estate Gucci Style!
Despite the ups and downs of Real Estate in recent years, even if we do not take into account the obvious benefits (other than financial) of property and home ownership, buying real estate might still be considered one of the best choices for investing your money. As an example we can look at the Patricia Gucci’s (grand daughter of Guccio Gucci, founder of the Italian fashion giant) estate in Mountain Center of the Riverside county in California. This compound that sits on about 23 Acres with views of Coachella Valley and Joshua Tree National Park was purchased, according to public records, for $950,000 in 1993 and now is valued and it is for sale for $9 Million dollars. I suppose, besides giving pleasure to the owner during these years, with about 1000% increase in value it has been a good return on her investment! What do you think?


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