[freedom2099]

I just did (although not my first, that one I bought 10 years ago)… sold may old apartment (still in the French Riviera) and with my wife we bought a very nice house 100m from the sea! Mortgage interest rates are great at the moment… 0.9% ain’t bad!

[kubb]

"Why do you need money? Aren't you already rich like me?"

[vecinu]

Yeah the cognitive dissonance is fascinating in people all over the world. I hear the same responses from people here in California.

"Why don't you stop renting? Just buy a house like I did 15 years ago, taxes are so low!"

Right... your taxes are artificially low thanks to Prop 13.

"Why do we need high density housing? Just look further away from the city for cheaper housing, I'm going to stay put".

[freedom2099]

I literally sold my old apartment last year for almost the same price I got it for… so no profit. And my current home was bought this year… therefore considering the current housing market.

[vecinu]

In SF/LA or SD? How is that possible? The entire market has moved significantly up in the last few years.

Don't forget to subtract sales commission and expenses.

[freedom2099]

In southern France… the French Riviera! I am not from the US!

[cableshaft]

Roughly how much did you spend on the home, if you don't mind me asking? I'm curious how expensive that area is.

Most homes that are near the sea are pretty damn expensive in the US. Or if not, have significant flooding, hurricane, and/or will probably be underwater thanks to climate change in 10-15 years.

[freedom2099]

Here homes are all built using either brick ore reinforced (like my home) and the climate is mild. Over the years there are hardly any damage… mine might only need to fix a bit of paint on a couple of corners… but 10 years old and no maintenance required so far (for the previous owner was a second home he barely used)