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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All these posters chiming in with how ‘smart’ they were to purchase that 200k house that’s now worth 600k are really just lucky, lucky, lucky. You happened to buy (+be in a position to buy... so born) the moment before the biggest upswing in home values in the history of... ever. Sorry but that is not a reflection on your financial savvy.[/quote]

Uh, you aren't listening to the whole story.  They were able to buy when they did because they lived in no frills shared rentals, drove modest cars, didn't take on massive student loan debt, saved a good portion of their income, etc.

There were plenty of people who earned the same income that I did who chose to take nice vacations, drive more expensive cars and live in better, more sought after rentals.  They had a good time and have lots of stories to tell about it but [b]they missed out on the opportunity to buy a house before the prices took off.[/b]

Going to a gas station and buying a winning lotto ticket = luck.  Scrimping and saving for years to buy a good investment = smart + good timing.[/quote]

Well, because no one knew the market would take off, which is the point.  If everyones crystal ball told them where the market would shortly go, they would have bought immediately.  And that would have been a SMART decision.

I agree with previous PP.  It was all luck.[/quote]

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