Loved all your comments on SDLookup while we were looking. I think that I shared some of the thoughts that you have shared here, after our purchase. Even though we got a slamming deal in a very livable, but outdated house, I wonder what we could have gotten if we had waited a little longer.
When JtR posts another video of another REO in our area, sometimes I get a slightly sick feeling in my stomach as I hit “play”. Sometimes, the homes are jacked up and priced alot higher than ours, and other times, the house is not so jacked up, and listed for $100k less than ours. But I look back at my goals before buying and re-adjust my thinking. As someone said earlier, the debasing of our money is the only way that our current government is pursuing economic “growth”.
You and I both will want to be in real estate when inflation starts to hit big time. In fact, inflation is hitting many countries abroad, since they are all pegged to the dollar. If the IMF forces the world onto another currency or metal, we will face massive inflation. You’ll be glad that you bought *anything*.
