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by hifromLA 1079 days ago
This was not my experience. Our agent walked us through the assumptions under which buying a home would make financial sense (e.g. years in home, projected rate of increase in home prices, etc) and he made it absolutely clear we could lose money depending on timing. Ultimately we decided to buy because we believe LA is a market where demand will outstrip supply for the foreseeable future (and prop 13 while not great policy for society will personally benefit us).