Buying a primary was always an expensive proposition that did not seem to make sense in the short term.
Only lately has it seemed more reasonable compared to rents (well at least coming from L.A.).
Very few people I have ever known who sold their primary and waited very long to buy back (2005-2009 being an extreme aberration), have ever told me it was not the worse decision they ever made.
(I should have said most have told me it was the worse decision they ever made)
That’s coming from an Old Guy.
Anyway I think we are getting way off topic.
I would wager, ten years from now most who did buy in 2005-6 at the peak will not feel unhappy about it.
