Hard Lessons in Home Economics
Sherley Bretous-Carré and Edenswear Carré still believe in the American dream. Starting in 2002, the Carrés began investing in real estate as a way to build wealth. Over the years, they purchased two homes and two plots of land, amassing a tiny real estate empire that spans three states—their home state of Massachusetts, plus Florida and Texas. The Carrés carefully plotted their road to prosperity, and it was all going smoothly until the real estate boom came to a sudden halt. Now, confronted with declining home values and an economic meltdown, owning multiple properties feels, to the Carrés, more like a stranglehold than a savvy wealth-building strategy.
