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Agreed. My perspective on homes has fallen to "air-conditioned box", and I feel so much less stress this way. I don't care that my SFH in Texas isn't appreciati
by bob1029 3y ago
Agreed. My perspective on homes has fallen to "air-conditioned box", and I feel so much less stress this way. I don't care that my SFH in Texas isn't appreciating like $QQQ or $MSFT.
My general rule of thumb today is to not own construction older than 10 years. I look at home ownership in the same way as car ownership now.
It's ultimately a game of hot potato, unless we are talking about transactions via Sotheby's & friends. Homes in the 6 to low 7 figure range are not long-term things in my view anymore. You are never going to get more out than you put into one of those things, unless you are OK with experiencing an incredible amount of stress and expending untold amounts of time & energy fighting market forces.
Making gains on this kind of real estate is mostly a lie. It's the same variety of lie where we claim cloud->on-prem is cheaper by conveniently ignoring all of the other indirect costs.