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Appreciation post: my buddy in Fresno swore the housing market would crash in 2021 and rented for 4 more years
He sat me down at a diner off Van Ness and said buying at 3% was 'the dumbest move of the decade,' so I listened and waited it out with him. Last week he signed a lease renewal at $2,200 a month, up from $1,500, while the place I almost bought is worth about $120k more than the asking price. Anyone else got a confident friend whose 'just wait' advice aged like milk?
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val_shah7d ago
Did he actually lose though, or did he just pay less than you did each month and keep his down payment in the bank? Timing the market is a fool's game, but so is acting like one bad call means the whole way of thinking was wrong.
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