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Updated about 9 years ago,
Is this a sign that we are in for another crash?
Newbie question for those members that are well engrained into the RE investment space. I am looking to begin leveraging cash I have in REI to increase my wealth and create future financial independence.
The townhome I live (Doral, FL) in I purchased in 2011 when prices were very in favor of the buyer. I purchased for 217k. The previous owner purchased new for 338k in 2006 when values were really booming and the market was approaching a downturn.
Today the townhome is back to that 2006 valuation (worth about 340k) and that makes me a little nervous about beginning to invest in RE due to fear that we are heading for another crash. Is this a sign?
Can you please share their thoughts and philosophies?