Reply to Late 30s/early 40s - how many homes have you bought and sold?

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[quote=Anonymous]41. Bought one recently, sold zero.

I understand your remorse, but don't be too hard on yourself. There's lots of pressure and misinformation about how buying real estate is always some great financial decision. This seems particularly egregious for condos, which generally are not good financial investments (but totally fine for living in, or if buying is the only way to get a property you want, etc.).

We ended up paying a LOT for a very small and modest house in the urban neighborhood we wanted, but on net we did better financially than our friends who have bought and sold multiple properties - even if in the end they bought a much cheaper suburban house before the pandemic. Renting for awhile is often a good financial decision. The transaction and maintenance costs of owning are so so high and people tend to downplay them and focus on whether they sold their house for more than they bought it for. You need to sell it for much more to cover inflation and all those costs![/quote]

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