Quote:
Originally Posted by kr4l
so if you know housing is going to "to up for sure" in the next 20, why don't you get into it right now? stop calling it "luck" that people got in before and made a profit and on it. ITS GOING UP FOR SURE!
edit: also you mentioned 2 years ago you could of got a house for $450k, now its at $700k. honestly, that sounds like a great deal still depending on type, location etc etc
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Why don't I get in now? Cause I'm priced out of a house, duh. Just because I know a house that's 700k will most likely go up over the next 20 years doesn't mean I can afford a mortgage for 700k.
Sorry but it is luck. No one ever imagined prices would increase 30+% in a year. They might have knew it was a sound investment and wouldn't go underwater, but gaining 200+k in a year or two, get out of here.