4 ms·
> 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.
by 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.