My parents in their 30s This would make a lovely second home for our family to winter in. Hopefully the garage can fit both our cars, snowmobile and ski equipment.
Me in my 30s I’ll never financially recover from this purchase.
My parents in their 30s This would make a lovely second home for our family to winter in. Hopefully the garage can fit both our cars, snowmobile and ski equipment.
Me in my 30s I’ll never financially recover from this purchase.
Not sure about the exact % but most people, for sure. Imagine paying 500k and then a ton of new houses get built and now it’s worth only 300k and you literally pay for years just those 200k of nothingnes…
housing is supposed to depreciate. it’s only an investment because we have setup our economy to make it one.
historically, housing prices inflated at the same rate as inflation did, it was not an investment. but in the 1980/90s we decided housing was going to be an investment, and hence housing prices must always go up.
in the 70s nobody expected 100% returns on their housing. now it’s considered ‘normal’