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It’s annoying to think about housing and the couldashouldawouldas
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Date: September 29th, 2022 6:01 PM Author: alcoholic green half-breed We almost moved to a nicer house in our neighborhood in 2018. We didn’t pull the trigger bc we thought 800k was a crazy price to pay for a house in our neighborhood and didn’t want to deal with/put the kids through the hassle of selling our house and moving. That house is “worth” 2.25M now (at least it just went under contract at that list price), and I could’ve gotten a 750k-1M home equity loan in 2021 with 2% interest easily. We basically talked ourselves out of 2xing our net worth, and we still sold our old house at the peak this past winter and walked from the closing with a seven figure check. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45252784) |
Date: September 29th, 2022 6:04 PM Author: impressive filthpig Can't think this way. Just think about what's ahead. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45252800) |
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Date: September 29th, 2022 8:40 PM Author: alcoholic green half-breed As a general rule and certainly with respect to shit like guesses about stocks and blind following of XO poasts on crypto this is good advice. But for major financial decisions that only happen 2-3 times in your life there’s a lot to be gained from ruminating extensively, especially if you’re able to be analytical about what led you to your wrong choice. Eg a big part of it was laziness and had I been able to picture a future where this house made me a lot more money than keeping my old house I could’ve moved past that. Another big part was being kind of out of practice and somewhat ignorant about the current market conditions for lending, especially in terms of tapping the equity. For most of us 2% rates were just sort of a continuation of a long term trend when they should’ve been a massive blinking sign saying free money that could go away at any moment for a long time. A third thing that drove a lot of 1) and 2) was I stayed at my old job for too long and spent way too much of my time doing dumb bullshit for it when I should’ve had more time to work on making big money plays of various kinds.
And when I want to stop beating myself up I just think about how if I had done it all perfectly and had an extra million of net worth from smart real estate decisions I likely would’ve blown up to 250k on idiotic crypto and meme stock plays. |
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Date: September 29th, 2022 7:16 PM Author: Lemon vivacious office We were an inch away from buying a house on the water. It had a boat house, bouy, view of city, sandy Beach and even these rails for dropping a boat in the water. It was a dump though and the contractor we used said $80k min to make it livable. We could have done it for $500k all in. This was 2016. Now it's 2 million. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253108) |
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Date: September 29th, 2022 7:18 PM Author: cobalt headpube parlor This is what happens when you listen to xo financial advice (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253120) |
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Date: September 29th, 2022 9:19 PM Author: costumed maize halford Didn't buy house, put down payment into SOL instead (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253759) |
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Date: September 29th, 2022 8:41 PM Author: lascivious toaster theatre Dont forget that you could have bought BTC in 2012 and ETH in 2016. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253536) |
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Date: September 29th, 2022 8:43 PM Author: alcoholic green half-breed Yeah I wasn’t going to do that then. The ones that kill me more are Google at ipo, Apple right after the iPhone and Amazon in 2009. They were all obvious, I had the thought in real time, and I had the money, but I didn’t pull the trigger mainly bc I am a liberal artist and was raised middle class and didn’t think I deserved to get money that easily when I was that age. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253548) |
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Date: September 29th, 2022 8:53 PM Author: irradiated church immigrant Almost bought an Eichler for 550K in 2012 (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253599) |
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Date: September 29th, 2022 9:21 PM Author: maroon disrespectful pit do you live in a 50k house? what happened to your home value? (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45253767) |
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Date: October 4th, 2022 3:37 PM Author: alcoholic green half-breed It went up but it was not as nice a house and didn’t go up as much. We sold for nearly a million more than we bought it for. But if we’d sold in 2018 and bought that house we still would’ve sold in early 2022 and we would’ve make an extra $750k-1M. Our neighborhood shot up a bunch from 2018-22 but the new builds were getting massive premiums bc it became too expensive for developers to buy the older houses and flip (and they bought up all the best flips already), so they had moved on to other neighborhoods by 2022. (http://www.autoadmit.com/thread.php?thread_id=5202186&forum_id=2#45279141) |