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Real Estate
Reply to "The house I wanted to buy for $1.2M at <3% in 2020"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lot of luck. My friend rented till he was 58 and in December 2019 bought a house in Malibu for 2 million now worth 3.5 million. He was all in stocks and just sold a portion to buy house. He has no mortgage. [/quote] Sounds like a skilled investor. Not luck.[/quote] Investing in stock market since 20s and buying at 58 is not skilled investor. Also, had he left the 2 million in stocks, he would have the 3.5 million and possible even more. Stock market was went bananas in 2020 with all the money printing. Either way he would have been fine, because house prices went up too. I did 5x from April 2020 to 2021 in the market.[/quote]
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