I think that housing is such an emotionally charged issue. In America, people look down upon renters. For example it’s not a problem in Germany. What’s wrong with renting a home in an area you like?
I bought a 4-bedroom house years ago and my mortgage + HOA is $900. I did not sell because I need a place to live. But I could’ve sold and rented a home plus have money invested making more money for me. The house is now down in value. I don’t like living there anymore so I guess I’ll try to buy a downtown condo at a good price then wait for the next up cycle to sell my current house.
If your house goes down in value that’s opportunity lost. I wonder how people will feel when they’re under water.
