[josefresco]

> We won't ever see a 2008 style price drop again

That's what they told me when I bought my $250K condo in the early 2000's. Then in 2008 it was magically worth only $125K after being appraised a year earlier for 350K.

Never forget: "The market can remain irrational longer than you can remain solvent"

[VeninVidiaVicii]

I’ll go you one further — it seems like every time some prescient comment about the economy gets extremely upvoted, the economy does the literal opposite thing.

[chasd00]

All economic academics need to do is track my stock purchases and use them as a negative indicator :) That strategy would win awards.

[ethbr1]

The economy has a well known penchant for asking others to hold its beer.

[itsoktocry]

>Then in 2008 it was magically worth only $125K after being appraised a year earlier for 350K.

And what's it worth today? What is the average annual price appreciation since you bought it?

Watching "home value" month-to-month is pointless.

[josefresco]

According to Zillow $429K. Of course, what it's "worth" today vs. tomorrow is the issue here. It's the same condo with (seemingly) no improvements. The increase in value is 100% market driven. $429K could be $215K tomorrow.

As far as your "month to month" comment - I'm not a real estate investor. Just a guy, with a growing family who went to sell his house in 2008 and was told it was worth less than half of what I paid. It was a setback, we survived, we were fortunate.

[xboxnolifes]

And all of the advise i got for the last almost decade has been to wait for prices to drop.