Any regrets about selling your house?

timmac wrote:
Posted in the article below, I bought a house thinking I would build equity and than 2008 happened, I should have stayed a renter..


{ A few weeks back I was at an awards banquet and sitting at our table was a woman I know. She began talking about how she was encouraging her young son to buy a house. You know. Stop throwing away money on rent and start building equity.}


:E

If we could all predict the future we'd all be millionaires!!!

Unfortunately, there are "risks" in all aspects of life. If you can't handle the ups and downs as well as the highs and lows, put your money in CD's. But, if your a smart investor and work to balance things out and not bite off more than you can chew, then you'll do fine. To me, home ownership is still the American way and offers a lot of pride and a sense of accomplishment. But, those who think they can buy and sell as well as flip and make a ton of dough.....well that's what TV shows are made off.

We have been very fortunate to make wise decisions. Investments to me are long term. We live in a society were people want instant gratification.....T want it now!! Well, it doesn't happen this way and I sit and watch the kids today who are given everything. Those are the one's that will suffer.

For you, yes maybe staying a renter would have been the way to go, but there are two sides of a coin and if you made money we wouldn't be having this conversation. Again, nobody predicted 2008 and no one knows what will happen in 2014 or 2015. We will be taking the biggest risk of our lives in 2015.....Selling everything and going fulltime. We will go into this as positive and as knowledgeable as possible. The same way we went into home ownership.

-paul