2 ms·
Not so easy! I thought my peers who were buying houses in 2009-2010 were "buying at the bottom." And I was a bit envious, honestly. Turns out, prices dropped f
by astura 8y ago
Not so easy!
I thought my peers who were buying houses in 2009-2010 were "buying at the bottom." And I was a bit envious, honestly. Turns out, prices dropped for 2-3 more years after that and the bottom was Q1-2012. Some of my 2009 friends ended up selling their houses for less than they bought them for.
Of course, this illustrates perfectly why your house isn't an investment - your life circumstances determine when you buy and when you sell, not the market.
- maxxxxx 8y agoUnless you have a lot of money you really should buy a house with the intent of living there for a long time and you should be able to afford your mortgage long term. The housing market is even less predictable than the stock market.
- ianai 8y agoRental property is what you’re looking for there. But few people are going to have the income for mortgaging a multi-unit property in any market.