We could have been having this conversation two years ago and we both would not have believed these homes would be selling for what they are today – and we both would have been wrong.
What makes you think that two years ago you’d be wrong? I was about to buy a home almost two years ago. I even paid the deposit. Thanks to Professor I made the smartest financial decision of my life – bailed out. If I didn’t, right now I’d be under water by more than 100 kilobucks.
5 years ago you could have bought a house and gained, yes. But only if you were smart enough to get rid of it at 2005-2006 peak.