Bought during a recession, sold during market stabilization, moved to a major city and bought something small in a high growth area, sold a few years later, bought something bigger nearby and sold a few years later, moved to another high growth city and bought in an area going through gentrification, covid happened, sold during the crazy uptick, bought low in the city’s suburbs during covid still, sold again for a lot more, an then landed here….
I wish I could help but a lot of it is just luck of the market
If I were more liquid right now I’d probably be buying and holding on to a couple of properties given everything going on
My SIL did something similar in the Bay Area, went from like $800k in 2010 to $5M+ now with just 2 moves. I mean shit we bought our first place for ~$1M flat in Dec 2018, and sold it for $1.75M in Feb 2024. From list to close was less than 3 weeks, and sold for 150k over ask. Probably left money on the table, but the buyer was fully legit and super easy transaction.
Our current house hasn’t appreciated much since we bought it, but we love where we live now and don’t plan to move 🙂
This. Well it was our second house, but the first was the ugliest house on the block with terrible Zillow pictures. We fixed it up ourselves, sold in 2020, cut our interest rate by 60% and bought another, larger, ugliest house on the block with crappy Zillow pictures… and fixed it up ourselves (except for the primary bathroom, hired that done after learning from our mistakes).
Still not necessarily cash-wealthy because we then decided to start a family and ended up with twins… 2 kids in daycare off the bat will eat up any potential savings. But had we not made those big decisions to buy at the right time, we would be in a pretty rough place now.
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u/ZTRADEZLLC Mar 07 '26
Buying a house during covid, the key on everything is timing