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Chiming in as someone who has a few million in liquidity and a few more in real estate: some people buy a house to...you know, actually live in it and stuff. I
by sombremesa 5y ago
Chiming in as someone who has a few million in liquidity and a few more in real estate: some people buy a house to...you know, actually live in it and stuff.
If you sell your primary home out of greed, assuming you otherwise like living there, you are attempting to time the market.
That never ends well.
Another thing that never works is trying to talk sense on the internet.
- jjav 5y ago> Chiming in as someone who has a few million in liquidity and a few more in real estate: some people buy a house to...you know, actually live in it and stuff. > If you sell your primary home out of greed, assuming you otherwise like living there, you are attempting to time the market. Very well said. A home is not a stock to trade, trying to time the market. The point of a home is to live in it. Maybe sell in retirement to downsize. The estimated value fluctuations in the middle decades are not relevant to the homeowner.
- bradleyjg 5y agoThat’s the theory but in practice it’s been a rigged casino for 40 years. Of course people have changed their behaviors in response to that longstanding a trend.