Hacker Read

djhn | karma 508 | avg karma 1.32 · 2020-09-15 16:34:06

But they offer 10x leverage with the right first time buyer incentives. Invest 50k, earn 4-12% in appreciation on 500k.

brianwawok | karma 11149 | avg karma 2.13 · 2020-09-15 23:03:35+00:00

Or lose 10-20% or more (see Vegas 2008)

Also the average cost to sell a house is around 10%. So 10% appreciates means you walk away with what you put in.

lbotos | karma 4414 | avg karma 2.94 · 2020-09-15 18:59:43

brianwawok | karma 11149 | avg karma 2.13 · 2020-09-16 13:45:28+00:00

I am shocked at how much it has recovered since the bottom.

mvanbaak | karma 448 | avg karma 1.26 · 2020-09-15 23:17:24+00:00

Yeh, ao let me tell you a story: 2008/2009 happened. My house dropped over 70k in price because crisis. So nope

lbotos | karma 4414 | avg karma 2.94 · 2020-09-15 23:58:36+00:00

Did the value never recover?