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by newmediaclay 5619 days ago
> 5 years later? $350k minimum. There was a structural change in the economy that hasn't since reversed and doesn't look like ever reversing.

This was the fallacy that got the US into so much trouble. When real estate rises quickly and consistently, people think it's a guaranteed perpetuity. That's not the case. Any investment can go down in value and almost surely will at some point in time.