Sell stocks and bonds, buy RE

Miss the big jump in Austin. Didn’t have time to go to Austin till one year later, prices shot up by more than 30% from when I wanted to buy… no choice bite the bullet and bought :disappointed_relieved: From % appreciation wise, so far, SV is better.

Mind blowing 220+% according to Redfin. Expensive houses become more expensive faster???

Bay Area goes up faster than other regions.

Is it only 120% appreciation? Not 220%

Many low end neighborhood price tripled since 2011. Some house has quadrupled since

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Some one bought a condo in Concord for $20k back in 2011. That condo is now worth $200k. 10-fold appreciation.

I saw some condos priced at 40k to 50k online but was too busy to take a look. There were so many deals back then, unbelievable

The boat has sailed off… Chance of a lifetime gone forever…

You could have sold all your stocks and bought all the sub 50k condos then

Why? Tesla also increased 10-fold :wink:

And only one condo out of the entire city of Concord was able to achieve that feat… the next lowest purchase was already in the 40k range…

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A couple of my neighbors are also landlords who bought a whole bunch of cheap condos back during the downturn… both of them are old retired ladies… one bought about 10 units with a total of $2M gain on paper… the other one bought about 12 units also with the same amount of gain… yes I’ve been keep track of their holdings carefully ever since one of them tried to accuse me of water damage to her unit from my unit… :laughing:

According to other investors on forum buying condos are supposed to be bad? :thinking:

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Well, obviously they have overlooked places where a lot of money can be made… :rofl:

AAPL is great, its return matches a leveraged purchase of a cheap house that tripled since 2011

Hey, stop dissing other people’s investment acumen and show some respect! And what have you done investment-wise in the past that is worth talking about at all? :rofl:

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The Fabulous 7x7 is called that for a reason!!!

https://www.paragon-re.com/trend/3-recessions-2-bubbles-and-a-baby

Come on, condos are for losers. Winners buy SFHs, multi units!!! On those house flipping shows, do they flip condos? No, they flip houses!!! Why buy an apartment and subject yourself to a HOA board who can control your life and desires?

Why go with Plain Jane if the Prom Queen wants you???

Well I can’t afford prom queen with her high maintenance and drama. Plain Jane FTW.

But assuming you did have the resources to play with the big boys you would right? Obviously, if funds limit the game stakes of course you do what you have to do. No one is telling you to leverage out of your mind to just own a SFH. I still go back to basic Econ 1, supply and demand. Would you rather own the limited ones (SFHs) or the freaking increasing numbered ones as we speak (condos)?

SFH in SF for investment doesn’t make sense. Cash flow too negative. Townhouses are better bets.

If you are buying to live in do whatever that tickles your fancy.

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They are not good as rentals but good for flipping.

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