>That said, every other home I’ve purchased has increased in value since then. And I did live in the house so the loss was similar to what rent would have been.
My dad bought a house in Huntington Beach for 230k in 1995, sold it for 650k in 2005, and now it’s worth 1.3 mil.
The Cali market is going to crash soon, though.
The numbers here in Newport, next to Huntington Beach are insane. The thing about market corrections here at the beach, is that they are never close to as bad as market drops inland. No matter how bad the economy is, somebody has money, and they always want to live at the beach...