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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?
by 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.