Quote:
Originally Posted by Hondaracer
I've told this story before here, but two different sets of parents of good friends of mine are kinda border line "conspiracy theorists" type people, both of them were convinced that the market was going to crash and crash hard back in 2011. They lived in nice neighborhoods and sold at what they figured was "perfect timing" getting about 630 for 25 year old nicely kept home.
Since they sold they've been renting in a shit area of surrey, paying $2000 or more a month rent, and their house is now worth 1.1 or more.
I'd say they were wrong.
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That's a nice story, it doesn't say much about their financials when they sold a place for 625 and rent a shithole in Surrey.
So when the real estate market finally hits its limit and people who bought in just before then lose a bunch of money are we going to call them idiots too?