[pavlov]

You started buying at the bottom though.

For another data point, the Manhattan apartment which I'm renting was recently sold. The previous landlord had purchased it in 2016 for $200k higher than the sale price now, over five years later.

I'm renting because I know I'll be moving again within the year. If I had bought a place in NYC when I moved here, I'd have lost a lot more money than I've paid in rent.