wow. That really worked out well for you and your wife.
So often, these stories of high housing prices are discussed, from the standpoint of how difficult it is for buyers, especially young people.
And I appreciate those concerns.
But another side to housing prices escalating, is that people such as you and your wife, enjoyed a great financial benefit from seeing your equity in the property grow so much. That side of the story of high housing prices is rarely told by the media.
“wow. That really worked out well for you and your wife.”
It did, but I shook my head during the whole process. My wife and I did a ton of upgrades to that house during the eight years we owned it, but in no way was it worth what the market would bear at the time.
I felt really bad for the young family who bought it at that price. They were upside down on the mortgage within eighteen months.