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Right, so if you pick the absolute worst moment to buy, you still make a profit in 10 years. Sounds like a good bet to me, especially considering you have to li
by jshen 5y ago
Right, so if you pick the absolute worst moment to buy, you still make a profit in 10 years. Sounds like a good bet to me, especially considering you have to live somewhere and pay rent or a mortgage.
- refurb 5y agoNo, you’d break even after 10 years, actually less than even due to inflation. Then add on top maintenance, property taxes, opportunity cost of your down payment (market was up 107% over that period). Again, not saying you can make good money but there is no reason why the opposite can’t happen.
- jshen 5y agoNo one is saying it’s a sure thing, but the fact that you have to pick the absolute worst time, and it still is a positive return over ten years, really proves it’s a good bet.