It still blows my mind how people can expect housing prices to go up perpetually. Let me get this straight, you buy a home you cant afford so in the future you can hopefully sell it for more even though you raided the equity out of it, so you can buy another even more expensive home you cant afford.
I am 25 and can tell you my friends who have bought a home are happy it collapsed, some got a great deal. A home is for living and if you want to build equity then actually improve the property with landscaping, paint etc.
We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.
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