Do you really “lose” money when buying and selling houses?
Personally, in the last year, my wife and I have probably lost over $100,000 in real estate transactions, but we wanted to sell our homes to live in a very specific area, something we always dreamed of. SO FINALLY, we were buying a home in the area we want. This property is approximately $100,000 less today than it was 18 months ago. So did we lose the money on our first two homes or is it a wash? Yes, we lost the cash, but we would have spent it anyway on another home if the market values didn’t change. It’s not a real estate market crash, it’s a correction. And, corrections ultimately benefit everyone.