4 ms·

The house can be sold though, not exactly "spent" money beyond the buying/selling/maintenance fees

• swiftcoder 5y ago
  Assuming you didn't buy too close to the annual forest fires, and neither the mortgage crisis or the pandemic wiped out housing prices in your area, yes. Unfortunately hard to predict those events at the time of house purchase. Some people do very well on Bay Area real estate, some not so well.
  • thebean11 5y ago
    Yeah, it's hard to predict events like that in any asset class, what's your point? Keep it in cash? In what areas did the pandemic wipe out housing prices?
    • swiftcoder 5y ago
      > Yeah, it's hard to predict events like that in any asset class, what's your point? Keep it in cash? Obviously not, but do diversify your investments. A lot of homeowners are putting the vast majority of their portfolio in real estate due to the inflated home prices. Most folks taking on a $1 million mortgage with $200k down, don't have an addition $500k of other assets to fall back on if the housing market drops half the value of their house.