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Reply to "Sold my house in Frb 2023--the worst time in American history to do so"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sold our house in Feb 2023 due to relocation. It wasn't evident at the time that increasing interest rates wouldn't mean price decreases (yes, it was clear by Spring 2023 but in late 2022/early 2023, sellers were under assumption that prices were going to go down in our DC exurb). I have huge, consuming, nightmarish regret. If I knew then what I knew now, I would have never sold and would have made home a rental. A 2k per month mortgage payment, squandered and gone forever. Proceeds from sale are fine but our course do not have as much value as they would have a few years ago due to rising prices and interest rates, so I feel like I actually made no money from sale, any mortgage payment I get now will be 3k +. How do you all deal with BIG regrets? Looking for advice. If this happened in my 20s fine, but at mid age, I feel so stupid for having to start over on the property ladder again. [/quote] Your math is wrong and you probably failed to invest into the market. Had you just bought Microsoft stock after your sale, you would have turned every $10k into $17k. Was your house going to appreciated 70%? Msft is not a scary stock. Had you put money into Voo, which is 500 biggest companies, you would have made ca 32%. Did your house go up that much? Had you bought apple, you wouldn't have made much, but its day may be ahead. It's ok for a company to take a breather. It's not the house that should bother you, but not knowing how to invest. Open the account and get started. You will learn a lot about market and it will benefit you for the rest of your life. I started investing in March 2020 after selling a condo. Work closed down and I had nothing to do but sit on youtube- million financial videos. I have half a million and I started with ca $100k. If I were to lose it all, I could do it again. That's how much I have learned.[/quote] Nice story. There is money to be made in the market. You did well. But not that well actually. 5x starting from $100k is average at best in that bull market. I started in 2020 as well but with only $10k. Now I have close to $1m in my brokerage account. [/quote]
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