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[quote=Anonymous][quote=Anonymous][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]

You could say the same about anyone who invested at what turned out to be the right time, or chose what turned out to be the right stock.

We took a calculated risk. We bought in an area most people thoguht was a warzone -- in fact, a man was mugged in our front yard about a month after we moved in, at 2 in the afternoon.

The fact that the generation behind us decided Capitol Hill was THE place to live is largely because people like us moved there a decade earlier and made it a lot more inviting. Call it gentrification, or simply call it people who saw the potential of the area. Doesn't matter -- we paved the way. And it's a decision I'm proud of.

And, just for the record, we paid $141 and the house is now easily worth $850K. Just for the record.

[/quote]

I think the point is that even a house bought in nw dc before 1997 would have appreciated by a similar multiple.[/quote]

As would many stocks bought 20 years ago. The point is -- actually choosing to buy is a decision. And it turns out to be a smart one.[/quote]

Not always— doubled my money on a home purchased in 1998 and lost significant money on a house purchased in 2006.  Much of it is luck.[/quote]

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