socsa

Right but you then control the appreciation on a much larger asset. In terms of pure net worth and net present value, trading up is a huge gain even if it doesn't generate more short term liquidity.

You can also rent out the smaller place and get both cash flow and NPV upgrade.

No rich person is living in a 325k ranch house.

Not that this is "ok" but it's why "buy whatever you can as soon as you can" is good advice. If you'd put whatever you had into a shitty condo four years ago, and kept saving at the same rate, you'd likely be in good position to trade up soon.

I see a lot of people I know end up in the same position because they've been waiting for either the exact right circumstances or for prices to "crash." All the people i know who started with anything they could afford now have a huge amount of equity in nice homes. The difference is real and primarily about timing more than income or location.

Oh god, uncle John burned to death in a house fire?

Lemmy has some of the most obnoxious Dunning Kruger shit on any social media platform, especially when it comes to politics.

So what you are saying is that kids can walk to school in the dark at 7am anyway?

Fuck that, use coffee like everyone else. Sun after work is literally the only time I see sun in the winter.

Yes, just like the few two times.

Bonus: they are all troll accounts

Woah that's that benchmark tracking poll everyone was hoping to see him "only" up 5

Yeah there is something else going here. No domestic markets are actually down in this interval. OP must have bought some individual stocks.

Change my mind