Quote:
Originally Posted by Claeren
What?
If you buy high and then sell on the way down you lose a LOT of money.
The same leveridge that makes so many people so much money on the way up loses people so much money on the way down. It is why people throw themselves off buildings when real estate prices drop....
Claeren.
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i bought my house in 1997 ... i want to upgrade now ...
if i used your advise, i wouldnt move because the houses are over valued. but isnt my house over valued, meaning it doesnt matter if i sell it and buy a new one ?
by my math, my debt level wont change, just my address which will be in a newer and nicer building.
so will it matter if i sell and buy in a down market?