I bought a house in bay area when the market was as its peak. Now my house value has gone down by 100k. I feel depressed
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- Sprint / ProductifTW74moreAre you living the house? If yes..then STFU. If no...then know that real estate is a long term investment. Buy and hold unless you are a professional flipper. And even those guys lose money sometimes
- I bought a Bob-Burrito from door-to-door salesman 8 years ago for $6, and it's worth nothing now 😭
- You are doomed, sell immediately before it goes down even further.
On a serious note, I wish someone teaches kids these days that real estate is a long term investment, stop crying every time market goes a bit down.
- New / OpstooQ10moreThe market value of your house is only meaningful if you're about to sell it.