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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.[/quote] What’s that? [/quote] Not Cathy this is a Motley Fool rec list[/quote] Yep, spot on. DH follows Motley Fool. Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home. [/quote] Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills. I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it. Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).[/quote] Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house. [/quote] What area? Rapid growth recently has been in places dependent on WFH continuing [/quote] Austin (rollingwood) [/quote] Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance. It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money. [/quote] I don’t think so. We are one mile from downtown Zillow estimate is 1.9, 1.7 is conservative. [/quote] So you both suffer from Hubris. Who the F cares about downtown anymore?[/quote]
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