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It's just the better choose to wait it out, even if you get divorced, fired, etc. It's the more optimal financial play to treat housing as an asset, and because
by SQueeeeeL 4y ago
It's just the better choose to wait it out, even if you get divorced, fired, etc. It's the more optimal financial play to treat housing as an asset, and because the US has proven historical to have a wildly fluctuating housing market. If you want to sell, and know waiting 4 years could net you a free $500,000 bonus, why wouldn't you
- bink 4y agoYou'd prefer to share ownership of a property with an ex-spouse, potentially for years, rather than sell for the market price? I don't think most would agree. There are just as many examples of real estate stagnating or depreciating over the course of 5 years as there are it appreciating by $500k. We shouldn't treat the last 10 years as typical for any residential real estate market. It wasn't that long ago that a typical real estate cycle was 17 years peak-to-peak. The Fed can't intervene and keep rates artificially low and buy up tens of billions in mortgages each month forever. In a market where a cycle is 17 years, 5 years at the beginning of a downturn is nothing. And that's wasted opportunity, especially for experienced investors.
- lazide 4y agoLiterally seen those scenarios you’re saying never happen, happen. Hell, I held a property for years with an angry ex-spouse because the market was doing well. We both did really well on it - she’s still angry though.