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Aren't houses in the Bay Area bound to become lower price in the future due to new building being allowed, or subsidies? Seems like a risky place to invest at
by aaaaaaaaata 4y ago
Aren't houses in the Bay Area bound to become lower price in the future due to new building being allowed, or subsidies?
Seems like a risky place to invest at this stage.
- dijit 4y agoTreating it as an "investment" and not a "cost" is not really helpful. The way I usually treat it is: Can I pay off this mortgage in the event I don't want to sell the property? Negative equity is a thing, sure, but if you were always happy to pay the price then the thing you're buying is worth the price, right? Sometimes people think of things as having value only if they're relative to something else. But value is value, and value is the price that you're willing to pay.