4 ms·
You bought at the current peak. (and even still, very likely, though not 100% guaranteed, you'll be ahead in 5-10 years) Real estate is a long term play to come
by adoxyz 4y ago
You bought at the current peak. (and even still, very likely, though not 100% guaranteed, you'll be ahead in 5-10 years) Real estate is a long term play to come out on top. If you bought a house 20 years ago, you're sitting on a hefty profit right now. Maybe not generational wealth, but def 3-4X your original investment. And if you had the funds to purchase multiple properties between 2009-2011, you could very easily be sitting on enough wealth to comfortably retire and never work a day in your life again. Which is what was happening around that time. I remember trying to buy my first starter home and getting outbid for over a year straight by investors and all-cash buyers.