Tuesday, February 14, 2023

Please Let There Be a Crash

Said the person who didn't buy in 2009-2012. 

And the person who didn't take advantage of the 3-4% interest rates of 2013-2020.

And the 2% interest rates of 2020-2021.

And the seller buy-downs of 2022-2023.

While some of those freakish events are long gone now, at least most people can agree that real estate is still a great hedge. Live in it, rent it out, short-term rent it out, rent it for filming, spruce it up to sell for a profit after 2 years (and avoid capital gains tax), use it as a work space and write it off. And as we know, over time, real estate always appreciates.

Do you know of anyone who said they wish they hadn't bought 10, 15, 20, 25, 30 years ago? I don't.