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Real Estate
Reply to "Overpaying on a house - how are you justifying it?"
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[quote=Anonymous]We bought a house as an investment property recently that is a terrible short-term investment. We will lose money on it for years in terms of cash flow. But in 5 years it will be worth well more than what we paid for it, and our own mortgage is in such a good place we can afford to take the loss for a while. And we had a personal interest in it that compelled the decision. So, OP, I just remind myself of our reasons and I can live with them because I would make the same choices again and we can afford it. If that's true for you, that's all that matters.[/quote]
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