For anyone that has bought a home in the past 5 years, you have to wonder if you made a good investment. Like most people, I drained my investment account to come up with my down payment. Draining my acount means I was able to put 5% down on my loft.
As I sit and listen to all the facts and stats being thrown around like the housing market has dropped 20% in the last year or the stock market has dropped close to 20% in the last year, I wonder if I did the right thing. I am a firm believer that my real estate investment is still a good one.
In my area of Oakland, I would say my place has dropped in value 5% to 10%. I have a wonderful place to call home and I truly believe in the long run, the loft will increase in value more than the stock market will.
How do you feel? Are you happy with your real estate investment or do you wish you never jumped into the market?