“I don’t care about people who bought 18 years ago.”
Right cause your situation is the only one that matters and what happen the last 18 years ago is no telling what will happen 18 years from now.
“More like a few 100 thousand.”
And you know this how? Paper gain is not gain and paper loss is not a loss. If he live in this house for 30 years, I can bet you $100k that in 30 years, it’ll be more than what it is now.
Have you been paying attention and even read Rich’s primer? History will always repeat itself in a cyclical market. Did you even read the OP before you respond? I don’t think he ever mentioned he’ll sell. He’ll keep it as a rental. IF he keep it for 30+ years and seeing what happen in any 30 years period, then the chance if him being under water after that is almost 0.
